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 60.93 (%).Trend:Decrease 46.78% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 40.29 (%).Trend:Decrease 33.87% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 109.34 (%).Trend:Increase 171.38% than previous quarter

Overall: increasing (79.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 102.46 (%).Trend:Decrease 33.25% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 72.57 (%).Trend:Decrease 29.17% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 177.23 (%).Trend:Increase 144.22% than previous quarter

Overall: increasing (72.97%). 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 2.43 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 7.25 (%).Trend:Increase 198.35% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 43.14 (%).Trend:Increase 495.03% than previous quarter

Overall: increasing (1675.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.91 (%).Trend:Decrease 5.0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.63 (%).Trend:Decrease 7.57% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.81 (%).Trend:Increase 1.15% than previous quarter

Overall: decreasing (-6.51%). 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 0.79 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 3.62 (%).Trend:Increase 358.23% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 8.15 (%).Trend:Increase 125.14% than previous quarter

Overall: increasing (931.65%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q2 2020 to Q1 2021 shows significant volatility in several key areas. Liabilities and current assets on revenue fluctuate considerably. Cost efficiency metrics, including the ratio of retained earnings to revenue and retained earnings on assets, demonstrate significant increases and decreases. SG&A expense ratios have a low degree of fluctuation, with a downward trend.  The overall picture is one of instability, with major fluctuations impacting profitability and efficiency.