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 42.47 (%).Trend:Decrease 51.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.44 (%).Trend:Decrease 40.1% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 83.57 (%).Trend:Increase 228.5% than previous quarter

Overall: increasing (96.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 48.54 (%).Trend:Decrease 54.68% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 32.02 (%).Trend:Decrease 34.03% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 81.38 (%).Trend:Increase 154.15% than previous quarter

Overall: increasing (67.66%). 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 -11.43 (%).Trend:Decrease 61.98% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -7.6 (%).Trend:Decrease 33.51% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -26.89 (%).Trend:Increase 253.82% than previous quarter

Overall: decreasing (135.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.88 (%).Trend:Decrease 26.16% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.73 (%).Trend:Decrease 1.52% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.26 (%).Trend:Increase 15.72% than previous quarter

Overall: increasing (13.97%). 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 -11.79 (%).Trend:Decrease 7.6% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -11.64 (%).Trend:Decrease 1.27% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -11.4 (%).Trend:Decrease 2.06% than previous quarter

Overall: increasing (-3.31%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q2 2020 to Q1 2021 show a mixed picture. Working capital efficiency (liabilities and current assets on revenue) displays significant fluctuations, with both increases and decreases. Cost efficiency (retained earnings-to-revenue ratio) demonstrates a negative trend.  SG&A expense ratio shows a slight upward trend. Investment efficiency (retained earnings on assets) shows a negative, increasing trend.  Earnings per share data is missing.