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 25.55 (%).Trend:Decrease 59.4% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 20.18 (%).Trend:Decrease 21.02% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 68.94 (%).Trend:Increase 241.63% than previous quarter

Overall: increasing (169.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 44.44 (%).Trend:Decrease 50.41% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 31.33 (%).Trend:Decrease 29.5% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 96.36 (%).Trend:Increase 207.56% than previous quarter

Overall: increasing (116.83%). 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 -506.5 (%).Trend:Decrease 45.68% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -352.94 (%).Trend:Decrease 30.32% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -1238.28 (%).Trend:Increase 250.85% than previous quarter

Overall: decreasing (144.48%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.63 (%).Trend:Increase 2.93% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.55 (%).Trend:Decrease 8.55% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.84 (%).Trend:Increase 11.17% than previous quarter

Overall: increasing (1.66%). 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 -81.29 (%).Trend:Increase 5.34% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -83.21 (%).Trend:Increase 2.36% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -88.89 (%).Trend:Increase 6.83% than previous quarter

Overall: decreasing (9.35%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q2 2020 to Q1 2021 show substantial fluctuations. Liabilities and current assets on revenue initially declined, then significantly increased in the first quarter of 2021. Cost efficiency indicates a large decrease in retained earnings to revenue, while SG&A expenses remained stable. Investment efficiency displayed a slight and consistent negative trend in retained earnings on assets, requiring further analysis. The considerable volatility indicates a need for further analysis to identify potential issues and opportunities.