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 117.26 (%).Trend:Decrease 57.62% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 77.47 (%).Trend:Decrease 33.93% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 307.47 (%).Trend:Increase 296.89% than previous quarter

Overall: increasing (162.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 145.05 (%).Trend:Decrease 57.33% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 96.97 (%).Trend:Decrease 33.15% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 399.13 (%).Trend:Increase 311.6% than previous quarter

Overall: increasing (175.17%). 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 27.53 (%).Trend:Decrease 53.96% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 18.78 (%).Trend:Decrease 31.78% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 64.08 (%).Trend:Increase 241.21% than previous quarter

Overall: increasing (132.76%). 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 10.03 (%).Trend:Increase 6.59% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 9.95 (%).Trend:Decrease 0.8% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 8.04 (%).Trend:Decrease 19.2% than previous quarter

Overall: decreasing (-19.84%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis from Q2 2020 to Q1 2021 shows significant volatility.  Working capital efficiency exhibits substantial increases in liabilities and current assets on revenue.  Cost efficiency, measured by the ratio of retained earnings to revenue, is significantly increasing. Investment efficiency shows a decreasing trend.  Earnings per share data is absent from the report.