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 106.42 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 78.0 (%).Trend:Decrease 26.71% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 113.92 (%).Trend:Increase 46.05% than previous quarter

Overall: increasing (7.05%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 393.33 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 482.49 (%).Trend:Increase 22.67% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 704.7 (%).Trend:Increase 46.05% than previous quarter

Overall: increasing (79.16%). 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 -281.92 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -208.72 (%).Trend:Decrease 25.96% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -771.73 (%).Trend:Increase 269.74% than previous quarter

Overall: decreasing (173.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 82.57 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 78.42 (%).Trend:Decrease 5.03% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 53.77 (%).Trend:Decrease 31.43% than previous quarter

Overall: decreasing (-34.88%). 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 -55.54 (%).Trend:Increase 19.57% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -37.36 (%).Trend:Decrease 32.73% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -85.6 (%).Trend:Increase 129.12% than previous quarter

Overall: decreasing (54.12%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing Q2 2020 – Q1 2021 data reveals mixed results.  Liabilities on revenue increased slightly (7.05%), while current assets on revenue showed substantial growth (79.16%), pointing towards positive working capital trends. However, the ratio of retained earnings to revenue significantly decreased (-173.74%), indicating poor cost management. SG&A expense ratio decreased considerably (-34.88%), while retained earnings on assets also decreased (-54.12%), raising investment efficiency concerns.  Significant fluctuation was evident across several metrics.