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 36.41 (%).Trend:Decrease 52.76% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.84 (%).Trend:Decrease 29.03% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 66.74 (%).Trend:Increase 158.28% than previous quarter

Overall: increasing (83.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 22.08 (%).Trend:Decrease 53.37% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 22.27 (%).Trend:Increase 0.86% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 61.69 (%).Trend:Increase 177.01% than previous quarter

Overall: increasing (179.39%). 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 -57.96 (%).Trend:Decrease 50.34% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -38.37 (%).Trend:Decrease 33.8% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -88.9 (%).Trend:Increase 131.69% than previous quarter

Overall: decreasing (53.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.97 (%).Trend:Increase 1.17% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.9 (%).Trend:Decrease 0.35% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.03 (%).Trend:Decrease 4.37% than previous quarter

Overall: decreasing (-4.71%). 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 -168.16 (%).Trend:Decrease 0.17% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -119.16 (%).Trend:Decrease 29.14% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -99.98 (%).Trend:Decrease 16.1% than previous quarter

Overall: increasing (-40.54%). Fluctuation: **Significant** (high variation).

Earning Per Share


The financial data for Q2 2020 to Q1 2021 shows considerable variation. Working capital efficiency metrics (liabilities and current assets on revenue) increased significantly, suggesting growth but potential inefficiencies. Cost efficiency is a pressing concern, given the substantial decline in the ratio of retained earnings to revenue, while SG&A expenses showed only modest improvement.  Investment efficiency is inconclusive due to the lack of earnings per share data, although Retained Earnings on Assets did improve (remaining negative).