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 58.4 (%).Trend:Decrease 67.75% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 45.02 (%).Trend:Decrease 22.91% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 77.88 (%).Trend:Increase 72.99% than previous quarter

Overall: increasing (33.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 90.99 (%).Trend:Decrease 68.1% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 64.54 (%).Trend:Decrease 29.07% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 128.4 (%).Trend:Increase 98.95% than previous quarter

Overall: increasing (41.11%). 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 66.33 (%).Trend:Decrease 65.51% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 39.53 (%).Trend:Decrease 40.4% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 102.01 (%).Trend:Increase 158.06% than previous quarter

Overall: increasing (53.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.79 (%).Trend:Decrease 31.07% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.56 (%).Trend:Decrease 7.01% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.95 (%).Trend:Decrease 22.36% than previous quarter

Overall: decreasing (-27.81%). 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 20.79 (%).Trend:Increase 4.0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 20.06 (%).Trend:Decrease 3.51% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 24.96 (%).Trend:Increase 24.43% than previous quarter

Overall: increasing (20.06%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.38 (USD).Trend:Decrease 58.24% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.01 (USD).Trend:Decrease 97.37% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.89 (USD).Trend:Decrease 9000.0% than previous quarter

Overall: increasing (-334.21%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2020 to Q1 2021 financial data reveals significant increases in liabilities on revenue (33.36%), current assets on revenue (41.11%), and retained earnings to revenue (53.79%), all characterized by substantial fluctuations.  The SG&A expense ratio decreased (-27.81%) with moderate variation.  Retained earnings on assets increased modestly (20.06%), while earnings per share showed a large increase (-334.21%) and high variability.