Working Capital Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 2: Liabilities on Revenue 27.43 (%).Trend:Decrease 55.25% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21.13 (%).Trend:Decrease 22.97% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 58.32 (%).Trend:Increase 176.01% than previous quarter

Overall: increasing (112.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 21.65 (%).Trend:Decrease 57.99% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 31.73 (%).Trend:Increase 46.56% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 58.7 (%).Trend:Increase 85.0% than previous quarter

Overall: increasing (171.13%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -13.35 (%).Trend:Decrease 57.93% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -20.73 (%).Trend:Increase 55.28% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -55.84 (%).Trend:Increase 169.37% than previous quarter

Overall: decreasing (318.28%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 2: Retained Earning on Assets -11.37 (%).Trend:Decrease 16.03% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -25.84 (%).Trend:Increase 127.26% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -27.43 (%).Trend:Increase 6.15% than previous quarter

Overall: decreasing (141.25%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q2 2020 to Q1 2021 indicates highly volatile performance.  Working capital efficiency, represented by liabilities and current assets on revenue, shows substantial, yet fluctuating increases.  Cost efficiency, represented by the ratio of retained earnings to revenue, decreases drastically, indicating a negative trend.  Investment efficiency, measured by retained earnings on assets, displays a significant and declining trend.  The significant fluctuations warrant further investigation into underlying causes.