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 56.33 (%).Trend:Decrease 33.23% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.25 (%).Trend:Decrease 55.17% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 98.31 (%).Trend:Increase 289.35% than previous quarter

Overall: increasing (74.53%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 72.43 (%).Trend:Decrease 36.27% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 36.96 (%).Trend:Decrease 48.97% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 129.33 (%).Trend:Increase 249.92% than previous quarter

Overall: increasing (78.56%). 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 28.54 (%).Trend:Decrease 62.14% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 14.83 (%).Trend:Decrease 48.04% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 15.3 (%).Trend:Increase 3.17% than previous quarter

Overall: decreasing (-46.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.99 (%).Trend:Increase 15.71% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.8 (%).Trend:Increase 3.86% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.46 (%).Trend:Increase 53.49% than previous quarter

Overall: increasing (59.41%). 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 4.65 (%).Trend:Decrease 33.57% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 3.53 (%).Trend:Decrease 24.09% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 0.99 (%).Trend:Decrease 71.95% than previous quarter

Overall: decreasing (-78.71%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial data from the second half of 2020 and first quarter of 2021 shows significant changes. Working capital efficiency, measured by liabilities and current assets on revenue, increased with considerable fluctuation. Cost efficiency, measured by SG&A, experienced moderate fluctuations. However, the ratio of retained earnings to revenue declined significantly. Investment efficiency, measured by retained earnings on assets, decreased considerably. This illustrates substantial variation in different aspects of financial performance.