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 32.94 (%).Trend:Decrease 39.68% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 22.9 (%).Trend:Decrease 30.48% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 46.42 (%).Trend:Increase 102.71% than previous quarter

Overall: increasing (40.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 46.08 (%).Trend:Decrease 44.73% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 39.61 (%).Trend:Decrease 14.04% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 143.3 (%).Trend:Increase 261.78% than previous quarter

Overall: increasing (210.98%). 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 -113.25 (%).Trend:Decrease 43.02% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -55.15 (%).Trend:Decrease 51.3% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -59.85 (%).Trend:Increase 8.52% than previous quarter

Overall: increasing (-47.15%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.94 (%).Trend:Increase 16.76% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.4 (%).Trend:Decrease 6.8% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.73 (%).Trend:Decrease 36.08% than previous quarter

Overall: decreasing (-40.43%). 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 -20.05 (%).Trend:Increase 6.88% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -16.88 (%).Trend:Decrease 15.81% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -8.27 (%).Trend:Decrease 51.01% than previous quarter

Overall: increasing (-58.75%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.21 (USD).Trend:Decrease 16.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.99 (USD).Trend:Decrease 571.43% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.95 (USD).Trend:Increase 96.97% than previous quarter

Overall: increasing (-1028.57%). Fluctuation: **Significant** (high variation).



Working capital efficiency for Q2 2020 to Q1 2021 shows significant fluctuation. Liabilities on revenue increased (40.92%) but with high variation. Current assets on revenue increased significantly (210.98%). Cost efficiency (ratio of retained earnings to revenue) shows an overall increase (-47.15%) with high variation. The SG&A expense ratio decreased (-40.43%) with moderate variation.  Invest efficiency (retained earnings on assets) shows an increase (-58.75%) with significant fluctuation. Earnings per share show a significant increase (-1028.57%).