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 35.67 (%).Trend:Decrease 46.59% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.46 (%).Trend:Decrease 17.41% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 92.03 (%).Trend:Increase 212.39% than previous quarter

Overall: increasing (158.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 96.76 (%).Trend:Decrease 28.08% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 66.29 (%).Trend:Decrease 31.49% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 221.23 (%).Trend:Increase 233.73% than previous quarter

Overall: increasing (128.64%). 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 20.46 (%).Trend:Decrease 55.48% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 12.76 (%).Trend:Decrease 37.63% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 29.4 (%).Trend:Increase 130.41% than previous quarter

Overall: increasing (43.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.6 (%).Trend:Increase 5.53% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.1 (%).Trend:Decrease 7.28% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.82 (%).Trend:Decrease 11.94% than previous quarter

Overall: decreasing (-18.35%). 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 9.02 (%).Trend:Decrease 23.36% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 8.63 (%).Trend:Decrease 4.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.32 (%).Trend:Decrease 15.18% than previous quarter

Overall: decreasing (-18.85%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -2.3 (USD).Trend:Increase 434.88% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.48 (USD).Trend:Increase 7.83% than previous quarter
Year 2021 Quarter 1: Earning Per Share -3.27 (USD).Trend:Increase 31.85% than previous quarter

Overall: decreasing (42.17%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 displays significant instability.  Liabilities and current assets on revenue saw dramatic swings, increasing significantly in the first quarter of 2021 after previous quarter declines.  Cost efficiency, measured by retained earnings-to-revenue ratio, also exhibited considerable volatility.  SG&A expense ratio showed relatively stable decline. Investment efficiency and earnings per share both decreased with considerable volatility, raising concerns about financial stability and performance consistency.