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 61.44 (%).Trend:Decrease 37.43% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 44.36 (%).Trend:Decrease 27.8% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 143.99 (%).Trend:Increase 224.59% than previous quarter

Overall: increasing (134.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 72.11 (%).Trend:Increase 28.49% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 54.09 (%).Trend:Decrease 24.99% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 175.56 (%).Trend:Increase 224.57% than previous quarter

Overall: increasing (143.46%). 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 50.57 (%).Trend:Decrease 36.66% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 34.97 (%).Trend:Decrease 30.85% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 104.3 (%).Trend:Increase 198.26% than previous quarter

Overall: increasing (106.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.33 (%).Trend:Increase 17.65% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.05 (%).Trend:Increase 5.4% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.38 (%).Trend:Increase 9.47% than previous quarter

Overall: increasing (15.38%). 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 11.2 (%).Trend:Decrease 7.13% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 10.83 (%).Trend:Decrease 3.3% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 10.76 (%).Trend:Decrease 0.65% than previous quarter

Overall: decreasing (-3.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.53 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.41 (USD).Trend:Decrease 22.64% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 70.73% than previous quarter

Overall: decreasing (-77.36%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2020 to Q1 2021 indicates significant volatility across various financial metrics. Working capital efficiency, measured by liabilities and current assets on revenue, saw large increases, although with significant fluctuations. Cost efficiency, represented by retained earnings to revenue, also showed a substantial upward trend with substantial variation.  SG&A expense ratios show a consistent upward trend. Investment efficiency, however, shows a downward trend in retained earnings on assets with little fluctuation, while earnings per share decreased significantly. This suggests significant growth potential punctuated by considerable volatility.