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 67.77 (%).Trend:Decrease 60.1% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 50.13 (%).Trend:Decrease 26.03% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 78.91 (%).Trend:Increase 57.41% than previous quarter

Overall: increasing (16.44%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 104.64 (%).Trend:Decrease 62.55% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 75.88 (%).Trend:Decrease 27.48% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 124.99 (%).Trend:Increase 64.72% than previous quarter

Overall: increasing (19.45%). 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 -9.72 (%).Trend:Decrease 39.85% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -4.83 (%).Trend:Decrease 50.31% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 8.06 (%).Trend:Decrease 266.87% than previous quarter

Overall: increasing (-182.92%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 54.02 (%).Trend:Decrease 11.14% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 46.71 (%).Trend:Decrease 13.53% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.35 (%).Trend:Decrease 35.02% than previous quarter

Overall: decreasing (-43.82%). Fluctuation: **Significant** (high 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 -2.76 (%).Trend:Increase 42.27% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -2.43 (%).Trend:Decrease 11.96% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.5 (%).Trend:Decrease 202.88% than previous quarter

Overall: increasing (-190.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -5.79 (USD).Trend:Increase 13.75% than previous quarter
Year 2020 Quarter 3: Earning Per Share -5.66 (USD).Trend:Decrease 2.25% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.58 (USD).Trend:Decrease 145.58% than previous quarter

Overall: increasing (-144.56%). Fluctuation: **Significant** (high variation).



Working capital efficiency improved significantly from Q2 2020 to Q1 2021, as shown by increases in both liabilities on revenue (16.44%) and current assets on revenue (19.45%). However, cost efficiency exhibited significant fluctuations, with a substantial increase in the ratio of retained earnings to revenue and a substantial decrease in the SG&A expense ratio.  Investment efficiency showed significant but fluctuating increases in retained earnings on assets and earnings per share.