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 34.28 (%).Trend:Decrease 55.1% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.12 (%).Trend:Decrease 29.64% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 89.76 (%).Trend:Increase 272.14% than previous quarter

Overall: increasing (161.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 35.72 (%).Trend:Decrease 55.58% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 24.75 (%).Trend:Decrease 30.71% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 75.92 (%).Trend:Increase 206.75% than previous quarter

Overall: increasing (112.54%). 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 -36.9 (%).Trend:Increase 78.52% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -26.25 (%).Trend:Decrease 28.86% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -119.52 (%).Trend:Increase 355.31% than previous quarter

Overall: decreasing (223.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.64 (%).Trend:Decrease 2.82% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.32 (%).Trend:Decrease 1.04% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.21 (%).Trend:Decrease 13.56% than previous quarter

Overall: decreasing (-14.46%). 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 -18.96 (%).Trend:Increase 278.44% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -20.04 (%).Trend:Increase 5.7% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -30.41 (%).Trend:Increase 51.75% than previous quarter

Overall: decreasing (60.39%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -4.0 (USD).Trend:Increase 33.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.06 (USD).Trend:Decrease 73.5% than previous quarter

Overall: increasing (-64.67%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 show considerable variability.  Working capital efficiency, as represented by liabilities and current assets on revenue, is improving, but with significant fluctuations.  The cost efficiency, indicated by the ratio of retained earnings to revenue, exhibits a significant downward trend.  Selling, general, and administrative (SG&A) expenses have shown a controlled decreasing trend. Investment efficiency (retained earnings on assets) also trends negatively, displaying significant volatility. Earnings per share also trend positively but with significant swings, which needs investigation to determine their sustainability.  Thorough analysis is necessary to understand the potential underlying causes of these fluctuations to inform strategic decisions.