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 42.27 (%).Trend:Decrease 45.79% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 26.45 (%).Trend:Decrease 37.43% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 71.07 (%).Trend:Increase 168.7% than previous quarter

Overall: increasing (68.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 92.28 (%).Trend:Decrease 25.88% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 41.93 (%).Trend:Decrease 54.56% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 92.36 (%).Trend:Increase 120.27% than previous quarter

Overall: increasing (0.09%). 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 -2.71 (%).Trend:Decrease 79.84% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -16.71 (%).Trend:Increase 516.61% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -75.07 (%).Trend:Increase 349.25% than previous quarter

Overall: decreasing (2670.11%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 39.47 (%).Trend:Decrease 9.24% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 37.75 (%).Trend:Decrease 4.36% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.74 (%).Trend:Decrease 10.62% than previous quarter

Overall: decreasing (-14.52%). 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 -1.98 (%).Trend:Decrease 68.32% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -23.63 (%).Trend:Increase 1093.43% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -42.27 (%).Trend:Increase 78.88% than previous quarter

Overall: decreasing (2034.85%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.36 (USD).Trend:Decrease 32.0% than previous quarter

Overall: increasing (36.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 show significant fluctuations in most metrics. Liabilities on revenue increased, then decreased, before increasing again, showing substantial variation. Current assets on revenue also show a similar pattern with significant variation. Cost efficiency metrics, such as the ratio of retained earnings to revenue, decreased drastically but with high variation. SG&A expense ratio decreased moderately. Investment efficiency and earning per share metrics fluctuate substantially.