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 103.32 (%).Trend:Decrease 57.31% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 68.09 (%).Trend:Decrease 34.1% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 249.73 (%).Trend:Increase 266.76% than previous quarter

Overall: increasing (141.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 72.28 (%).Trend:Decrease 55.54% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 47.99 (%).Trend:Decrease 33.61% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 207.66 (%).Trend:Increase 332.72% than previous quarter

Overall: increasing (187.3%). 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 58.81 (%).Trend:Decrease 46.76% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 38.22 (%).Trend:Decrease 35.01% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 115.96 (%).Trend:Increase 203.4% than previous quarter

Overall: increasing (97.18%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 21.97 (%).Trend:Increase 13.78% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 21.18 (%).Trend:Decrease 3.6% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 19.88 (%).Trend:Decrease 6.14% than previous quarter

Overall: decreasing (-9.51%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis for Q2 2020 to Q1 2021 shows substantial quarter-to-quarter variability. Liabilities on revenue and current assets on revenue both show substantial increases, despite significant quarter-to-quarter fluctuations.  The ratio of retained earnings to revenue also increased overall, but this metric, like others, exhibits significant volatility.  Retained earnings on assets demonstrate a mixed trend with low volatility.