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 97.27 (%).Trend:Decrease 48.23% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 70.3 (%).Trend:Decrease 27.73% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 109.62 (%).Trend:Increase 55.93% than previous quarter

Overall: increasing (12.7%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 367.62 (%).Trend:Decrease 30.49% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 328.76 (%).Trend:Decrease 10.57% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 519.58 (%).Trend:Increase 58.04% than previous quarter

Overall: increasing (41.34%). Fluctuation: **Neutral** (moderate 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 -440.26 (%).Trend:Decrease 43.68% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -306.11 (%).Trend:Decrease 30.47% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -647.99 (%).Trend:Increase 111.69% than previous quarter

Overall: decreasing (47.18%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 74.17 (%).Trend:Increase 6.17% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 75.21 (%).Trend:Increase 1.4% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 71.12 (%).Trend:Decrease 5.44% than previous quarter

Overall: decreasing (-4.11%). 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 -109.86 (%).Trend:Decrease 16.49% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -87.32 (%).Trend:Decrease 20.52% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -110.46 (%).Trend:Increase 26.5% than previous quarter

Overall: decreasing (0.55%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing Q2 2020 to Q1 2021, liabilities on revenue increased slightly (12.7%), while current assets on revenue increased more significantly (41.34%), both with moderate fluctuation. The ratio of retained earnings to revenue decreased substantially (-47.18%), showing high variation.  The SG&A expense ratio slightly decreased (-4.11%) with low fluctuation. Retained earnings on assets decreased marginally (-0.55%) with significant variation.