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 1623.14 (%).Trend:Decrease 32.5% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 1309.52 (%).Trend:Decrease 19.32% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 1666.38 (%).Trend:Increase 27.25% than previous quarter

Overall: increasing (2.66%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 2839.67 (%).Trend:Increase 152.77% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 805.44 (%).Trend:Decrease 71.64% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1013.79 (%).Trend:Increase 25.87% than previous quarter

Overall: decreasing (-64.3%). 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 -6647.93 (%).Trend:Decrease 4.32% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -5715.65 (%).Trend:Decrease 14.02% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -7754.31 (%).Trend:Increase 35.67% than previous quarter

Overall: decreasing (16.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 135.54 (%).Trend:Decrease 14.03% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 104.76 (%).Trend:Decrease 22.71% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 141.38 (%).Trend:Increase 34.96% than previous quarter

Overall: increasing (4.31%). 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 -19.67 (%).Trend:Decrease 1.5% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -21.66 (%).Trend:Increase 10.12% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -23.21 (%).Trend:Increase 7.16% than previous quarter

Overall: decreasing (18.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.41 (USD).Trend:Increase 7.89% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.38 (USD).Trend:Decrease 7.32% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.13 (USD).Trend:Decrease 65.79% than previous quarter

Overall: decreasing (-68.29%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2020 to Q1 2021 shows significant fluctuations in various financial metrics.  Working capital efficiency reveals a mixed picture, with liabilities on revenue trending slightly upward while current assets on revenue trend downward significantly. Cost efficiency reveals a consistent decrease in the retained earnings to revenue ratio with significant volatility. The SG&A expense ratio shows an overall increasing trend with moderate variation. Investment efficiency exhibits a consistent, substantial decrease in retained earnings on assets with significant volatility. Earnings per share show a downward trend with significant volatility throughout the period.