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 56.33 (%).Trend:Decrease 33.23% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.25 (%).Trend:Decrease 55.17% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 98.31 (%).Trend:Increase 289.35% than previous quarter

Overall: increasing (74.53%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 72.43 (%).Trend:Decrease 36.27% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 36.96 (%).Trend:Decrease 48.97% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 129.33 (%).Trend:Increase 249.92% than previous quarter

Overall: increasing (78.56%). 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 28.54 (%).Trend:Decrease 62.14% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 14.83 (%).Trend:Decrease 48.04% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 15.3 (%).Trend:Increase 3.17% than previous quarter

Overall: decreasing (-46.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.99 (%).Trend:Increase 15.71% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.8 (%).Trend:Increase 3.86% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.46 (%).Trend:Increase 53.49% than previous quarter

Overall: increasing (59.41%). 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 4.65 (%).Trend:Decrease 33.57% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 3.53 (%).Trend:Decrease 24.09% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 0.99 (%).Trend:Decrease 71.95% than previous quarter

Overall: decreasing (-78.71%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q2 2020 to Q1 2021 indicates a volatile financial period. Working capital efficiency saw increases in liabilities and current assets on revenue, though with considerable volatility.  Cost efficiency metrics (ratio of retained earnings to revenue and SG&A expense ratio) showed decreases, while investment efficiency (retained earnings on assets) experienced a significant negative trend.  The substantial fluctuation in all indicators suggests the need for further investigation into specific factors driving the changes.