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 27.28 (%).Trend:Decrease 49.23% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 19.44 (%).Trend:Decrease 28.74% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 55.34 (%).Trend:Increase 184.67% than previous quarter

Overall: increasing (102.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 44.08 (%).Trend:Decrease 48.28% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 30.36 (%).Trend:Decrease 31.13% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 87.55 (%).Trend:Increase 188.37% than previous quarter

Overall: increasing (98.62%). 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 -8.26 (%).Trend:Decrease 47.92% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -5.29 (%).Trend:Decrease 35.96% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -13.55 (%).Trend:Increase 156.14% than previous quarter

Overall: decreasing (64.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.58 (%).Trend:Decrease 4.09% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.93 (%).Trend:Decrease 3.7% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.81 (%).Trend:Decrease 6.62% than previous quarter

Overall: decreasing (-10.07%). Fluctuation: **Little** (low 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 -4.55 (%).Trend:Increase 6.31% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -4.42 (%).Trend:Decrease 2.86% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -3.9 (%).Trend:Decrease 11.76% than previous quarter

Overall: increasing (-14.29%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing Q2 2020 to Q1 2021, significant fluctuations are apparent. Liabilities on revenue increased by 102.86%, and current assets on revenue increased by 98.62%, both with high variability.  The ratio of retained earnings to revenue decreased by 64.04%, indicating significant fluctuation. The SG&A expense ratio decreased by 10.07% with little fluctuation. Retained earnings on assets showed an increase of -14.29% with significant variation.