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 135.18 (%).Trend:Decrease 49.46% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 89.12 (%).Trend:Decrease 34.07% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 264.63 (%).Trend:Increase 196.94% than previous quarter

Overall: increasing (95.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 185.23 (%).Trend:Decrease 47.5% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 129.15 (%).Trend:Decrease 30.28% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 532.34 (%).Trend:Increase 312.19% than previous quarter

Overall: increasing (187.39%). 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 -51.42 (%).Trend:Decrease 49.65% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -25.29 (%).Trend:Decrease 50.82% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -34.48 (%).Trend:Increase 36.34% than previous quarter

Overall: increasing (-32.94%). 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 -18.41 (%).Trend:Increase 0.16% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -13.02 (%).Trend:Decrease 29.28% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -4.64 (%).Trend:Decrease 64.36% than previous quarter

Overall: increasing (-74.8%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.3 (USD).Trend:Increase 113.11% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.07 (USD).Trend:Increase 59.23% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.66 (USD).Trend:Decrease 68.12% than previous quarter

Overall: decreasing (-49.23%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 reveal substantial volatility in key financial indicators. Working capital efficiency shows substantial variations in both liabilities and current assets on revenue, with fluctuating increases and decreases. Cost efficiency, measured by the ratio of retained earnings to revenue, shows a slight increase but is highly variable. Investment efficiency and earnings per share both demonstrate significant volatility, with overall decreases. These results highlight substantial instability.