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 21.89 (%).Trend:Decrease 45.43% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.88 (%).Trend:Increase 36.5% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 42.55 (%).Trend:Increase 42.4% than previous quarter

Overall: increasing (94.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 181.96 (%).Trend:Decrease 45.15% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 130.74 (%).Trend:Decrease 28.15% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 238.89 (%).Trend:Increase 82.72% than previous quarter

Overall: increasing (31.29%). 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 138.74 (%).Trend:Decrease 46.15% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 88.54 (%).Trend:Decrease 36.18% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 234.96 (%).Trend:Increase 165.37% than previous quarter

Overall: increasing (69.35%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 28.7 (%).Trend:Decrease 1.44% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 26.67 (%).Trend:Decrease 7.07% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 30.98 (%).Trend:Increase 16.16% than previous quarter

Overall: increasing (7.94%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q2 2020 to Q1 2021 shows a mixed bag of trends.  Liabilities on revenue increased, then decreased,  indicating significant volatility.  Current assets on revenue also showed significant fluctuations.  Cost efficiency, represented by the ratio of retained earnings to revenue, increased substantially, yet with high volatility. Investment efficiency, measured by retained earnings on assets, experienced a modest increase, with less variation compared to other indicators.  A thorough analysis is needed to interpret the cause of these shifts.