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 30.45 (%).Trend:Decrease 75.23% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.23 (%).Trend:Decrease 20.43% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 67.39 (%).Trend:Increase 178.13% than previous quarter

Overall: increasing (121.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 118.48 (%).Trend:Decrease 60.11% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 77.23 (%).Trend:Decrease 34.82% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 191.47 (%).Trend:Increase 147.92% than previous quarter

Overall: increasing (61.61%). 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 17.7 (%).Trend:Decrease 91.6% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 11.2 (%).Trend:Decrease 36.72% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 40.32 (%).Trend:Increase 260.0% than previous quarter

Overall: increasing (127.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.47 (%).Trend:Decrease 34.51% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.73 (%).Trend:Decrease 10.56% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.26 (%).Trend:Increase 30.75% than previous quarter

Overall: increasing (16.94%). 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 5.7 (%).Trend:Decrease 72.52% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.9 (%).Trend:Increase 3.51% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.49 (%).Trend:Increase 26.95% than previous quarter

Overall: increasing (31.4%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -5.0 (USD).Trend:Increase 1036.36% than previous quarter
Year 2020 Quarter 3: Earning Per Share -4.6 (USD).Trend:Decrease 8.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 100.65% than previous quarter

Overall: increasing (-100.6%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 shows significant volatility in various financial metrics. Working capital efficiency, as measured by liabilities and current assets on revenue, demonstrates an upward trend with significant fluctuations. Cost efficiency, as indicated by retained earnings to revenue and SG&A expense, also shows an increasing trend with large volatility.  Investment efficiency, as measured by retained earnings on assets, has an upward trend with moderate fluctuations, suggesting stable asset management. Earnings per share, however, exhibits a highly fluctuating, generally increasing trend.  Overall, the financial data displays substantial volatility and potential instability in short-term and long-term financial management.