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 39.55 (%).Trend:Decrease 54.65% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 23.38 (%).Trend:Decrease 40.88% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 63.92 (%).Trend:Increase 173.4% than previous quarter

Overall: increasing (61.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 39.35 (%).Trend:Decrease 57.36% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 23.71 (%).Trend:Decrease 39.75% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 63.9 (%).Trend:Increase 169.51% than previous quarter

Overall: increasing (62.39%). 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 13.87 (%).Trend:Decrease 45.42% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 9.59 (%).Trend:Decrease 30.86% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 27.7 (%).Trend:Increase 188.84% than previous quarter

Overall: increasing (99.71%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.6 (%).Trend:Decrease 5.07% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.05 (%).Trend:Decrease 4.74% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.38 (%).Trend:Decrease 6.06% than previous quarter

Overall: decreasing (-10.52%). 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 17.05 (%).Trend:Increase 15.59% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.08 (%).Trend:Increase 11.91% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 20.91 (%).Trend:Increase 9.59% than previous quarter

Overall: increasing (22.64%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -3.0 (USD).Trend:Decrease 25.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.0 (USD).Trend:Decrease 33.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.31 (USD).Trend:Decrease 165.5% than previous quarter

Overall: increasing (-143.67%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 show mixed results. Working capital efficiency displays substantial variability. Liabilities and current assets on revenue increased significantly before decreasing, with considerable fluctuation. Cost efficiency exhibited considerable fluctuation, with the ratio of retained earnings to revenue increasing substantially. SG&A expense ratio remained relatively stable and shows a slight decline. Investment efficiency was positive, with increasing retained earnings on assets. However, earnings per share displayed significant fluctuation and an overall increase.