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 27.01 (%).Trend:Decrease 43.76% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 20.18 (%).Trend:Decrease 25.29% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 62.44 (%).Trend:Increase 209.42% than previous quarter

Overall: increasing (131.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 72.82 (%).Trend:Decrease 45.66% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 52.12 (%).Trend:Decrease 28.43% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 173.68 (%).Trend:Increase 233.23% than previous quarter

Overall: increasing (138.51%). 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 38.61 (%).Trend:Decrease 45.02% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 23.11 (%).Trend:Decrease 40.15% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 72.04 (%).Trend:Increase 211.73% than previous quarter

Overall: increasing (86.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.62 (%).Trend:Increase 1.4% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.56 (%).Trend:Decrease 0.24% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.63 (%).Trend:Increase 8.43% than previous quarter

Overall: increasing (8.16%). Fluctuation: **Little** (low variation).


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 27.23 (%).Trend:Increase 1.99% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 24.24 (%).Trend:Decrease 10.98% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 20.35 (%).Trend:Decrease 16.05% than previous quarter

Overall: decreasing (-25.27%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.44 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.52 (USD).Trend:Decrease 445.45% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.02 (USD).Trend:Decrease 101.32% than previous quarter

Overall: decreasing (-95.45%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 show volatile financial performance.  Working capital efficiency (liabilities and current assets on revenue) and cost efficiency (ratio of retained earnings to revenue) displayed significant, fluctuating increases and decreases.  The selling, general, and administrative expense ratio had a more stable upward trend, while investment efficiency (retained earnings on assets) decreased.  Earnings per share showed substantial, but erratic, fluctuations, including negative values in some quarters. This suggests potential operational issues and fluctuating profitability.