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 37.88 (%).Trend:Decrease 50.44% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.43 (%).Trend:Decrease 35.51% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 66.61 (%).Trend:Increase 172.66% than previous quarter

Overall: increasing (75.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 73.79 (%).Trend:Decrease 48.9% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 52.1 (%).Trend:Decrease 29.39% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 150.36 (%).Trend:Increase 188.6% than previous quarter

Overall: increasing (103.77%). 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 47.78 (%).Trend:Decrease 50.83% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 33.67 (%).Trend:Decrease 29.53% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 85.11 (%).Trend:Increase 152.78% than previous quarter

Overall: increasing (78.13%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.27 (%).Trend:Increase 6.68% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.06 (%).Trend:Decrease 3.98% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.82 (%).Trend:Decrease 24.51% than previous quarter

Overall: decreasing (-27.51%). Fluctuation: **Neutral** (moderate 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 15.76 (%).Trend:Decrease 3.02% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 16.63 (%).Trend:Increase 5.52% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 15.74 (%).Trend:Decrease 5.35% than previous quarter

Overall: decreasing (-0.13%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.59 (USD).Trend:Increase 55.26% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.13 (USD).Trend:Decrease 77.97% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.43 (USD).Trend:Increase 230.77% than previous quarter

Overall: increasing (-27.12%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 shows considerable volatility. Liabilities and current assets on revenue exhibited a fluctuating, overall increasing trend. Cost efficiency, indicated by a decrease in the ratio of retained earnings to revenue, also demonstrates high variation.  The SG&A expense ratio shows a decreasing trend, while investment efficiency shows a negligible decrease in retained earnings on assets.  Earnings per share illustrate substantial fluctuation with an overall increasing trend.