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 67.77 (%).Trend:Decrease 60.1% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 50.13 (%).Trend:Decrease 26.03% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 78.91 (%).Trend:Increase 57.41% than previous quarter

Overall: increasing (16.44%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 104.64 (%).Trend:Decrease 62.55% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 75.88 (%).Trend:Decrease 27.48% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 124.99 (%).Trend:Increase 64.72% than previous quarter

Overall: increasing (19.45%). Fluctuation: **Neutral** (moderate 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 -9.72 (%).Trend:Decrease 39.85% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -4.83 (%).Trend:Decrease 50.31% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 8.06 (%).Trend:Decrease 266.87% than previous quarter

Overall: increasing (-182.92%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 54.02 (%).Trend:Decrease 11.14% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 46.71 (%).Trend:Decrease 13.53% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.35 (%).Trend:Decrease 35.02% than previous quarter

Overall: decreasing (-43.82%). Fluctuation: **Significant** (high 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 -2.76 (%).Trend:Increase 42.27% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -2.43 (%).Trend:Decrease 11.96% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.5 (%).Trend:Decrease 202.88% than previous quarter

Overall: increasing (-190.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -5.79 (USD).Trend:Increase 13.75% than previous quarter
Year 2020 Quarter 3: Earning Per Share -5.66 (USD).Trend:Decrease 2.25% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.58 (USD).Trend:Decrease 145.58% than previous quarter

Overall: increasing (-144.56%). Fluctuation: **Significant** (high variation).



From Q2 2020 to Q1 2021, liabilities on revenue and current assets on revenue both increased, indicating improved working capital efficiency. However, cost efficiency metrics showed significant fluctuations. The ratio of retained earnings to revenue increased substantially, while the SG&A expense ratio decreased significantly. Investment efficiency, measured by retained earnings on assets and earnings per share, showed substantial increases despite high fluctuation.