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 30.61 (%).Trend:Decrease 45.74% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21.05 (%).Trend:Decrease 31.23% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 62.02 (%).Trend:Increase 194.63% than previous quarter

Overall: increasing (102.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 94.12 (%).Trend:Decrease 44.15% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 62.67 (%).Trend:Decrease 33.41% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 201.81 (%).Trend:Increase 222.02% than previous quarter

Overall: increasing (114.42%). 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 41.13 (%).Trend:Decrease 51.86% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 31.06 (%).Trend:Decrease 24.48% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 73.89 (%).Trend:Increase 137.89% than previous quarter

Overall: increasing (79.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.54 (%).Trend:Increase 5.07% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.72 (%).Trend:Decrease 8.6% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.73 (%).Trend:Decrease 34.29% than previous quarter

Overall: decreasing (-39.94%). Fluctuation: **Neutral** (moderate 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 22.61 (%).Trend:Decrease 17.6% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 25.53 (%).Trend:Increase 12.91% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 23.2 (%).Trend:Decrease 9.13% than previous quarter

Overall: increasing (2.61%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -4.29 (USD).Trend:Increase 356.38% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.53 (USD).Trend:Decrease 64.34% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.86 (USD).Trend:Decrease 221.57% than previous quarter

Overall: increasing (-143.36%). Fluctuation: **Significant** (high variation).



Financial performance in 2020-2021 demonstrates significant fluctuations in working capital efficiency, with liabilities and current assets on revenue increasing overall but with considerable quarter-to-quarter variation. Cost efficiency exhibits a notable increase in the ratio of retained earnings to revenue, although marked fluctuations occur.  SG&A expense ratio decreased over the period. Investment efficiency displays a minor increase with little fluctuation in retained earnings on assets. Earnings per share show substantial, but varying, increases and decreases with a considerable negative overall trend.