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 35.67 (%).Trend:Decrease 46.59% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.46 (%).Trend:Decrease 17.41% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 92.03 (%).Trend:Increase 212.39% than previous quarter

Overall: increasing (158.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 96.76 (%).Trend:Decrease 28.08% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 66.29 (%).Trend:Decrease 31.49% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 221.23 (%).Trend:Increase 233.73% than previous quarter

Overall: increasing (128.64%). 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 20.46 (%).Trend:Decrease 55.48% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 12.76 (%).Trend:Decrease 37.63% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 29.4 (%).Trend:Increase 130.41% than previous quarter

Overall: increasing (43.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.6 (%).Trend:Increase 5.53% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.1 (%).Trend:Decrease 7.28% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.82 (%).Trend:Decrease 11.94% than previous quarter

Overall: decreasing (-18.35%). 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 9.02 (%).Trend:Decrease 23.36% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 8.63 (%).Trend:Decrease 4.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.32 (%).Trend:Decrease 15.18% than previous quarter

Overall: decreasing (-18.85%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -2.3 (USD).Trend:Increase 434.88% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.48 (USD).Trend:Increase 7.83% than previous quarter
Year 2021 Quarter 1: Earning Per Share -3.27 (USD).Trend:Increase 31.85% than previous quarter

Overall: decreasing (42.17%). Fluctuation: **Significant** (high variation).



Financial data from 2020 Q2-2021 Q1 indicate significant volatility. Working capital efficiency, measured by liabilities and current assets on revenue, showed increases. Cost efficiency, as measured by the retained earnings-to-revenue ratio, increased.  SG&A expense ratio decreased modestly. Investment efficiency exhibited a modest downward trend in retained earnings on assets. Earnings per share showed high variability, albeit an upward trend.