Working Capital Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 2: Liabilities on Revenue 25.17 (%).Trend:Decrease 50.95% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 16.64 (%).Trend:Decrease 33.89% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 47.51 (%).Trend:Increase 185.52% than previous quarter

Overall: increasing (88.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 24.95 (%).Trend:Decrease 50.55% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 17.61 (%).Trend:Decrease 29.42% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 50.83 (%).Trend:Increase 188.64% than previous quarter

Overall: increasing (103.73%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 2: Ratio of Retained Earnings to Revenue 21.87 (%).Trend:Decrease 51.1% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 14.77 (%).Trend:Decrease 32.46% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 27.62 (%).Trend:Increase 87.0% than previous quarter

Overall: increasing (26.29%). Fluctuation: **Significant** (high variation).

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

Invest Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 2: Retained Earning on Assets 16.41 (%).Trend:Increase 6.77% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 16.9 (%).Trend:Increase 2.99% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 11.03 (%).Trend:Decrease 34.73% than previous quarter

Overall: decreasing (-32.78%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance from Q2 2019 to Q1 2021 reveals substantial fluctuations in working capital efficiency, cost efficiency, and investment efficiency. Liabilities and current assets on revenue increased over time, but with notable volatility. The ratio of retained earnings to revenue also rose, yet experienced significant variations. Investment efficiency, as measured by retained earnings on assets, decreased during this period.  The findings suggest a dynamic, and somewhat erratic, financial performance pattern requiring further analysis.