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 201.33 (%).Trend:Decrease 58.46% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 132.29 (%).Trend:Decrease 34.29% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 374.42 (%).Trend:Increase 183.03% than previous quarter

Overall: increasing (85.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 859.03 (%).Trend:Decrease 64.25% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 526.2 (%).Trend:Decrease 38.74% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1256.82 (%).Trend:Increase 138.85% than previous quarter

Overall: increasing (46.31%). 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 -2784.63 (%).Trend:Decrease 56.95% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -1537.69 (%).Trend:Decrease 44.78% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -4630.59 (%).Trend:Increase 201.14% than previous quarter

Overall: decreasing (66.29%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 304.36 (%).Trend:Decrease 20.57% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 235.98 (%).Trend:Decrease 22.47% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 227.29 (%).Trend:Decrease 3.68% than previous quarter

Overall: decreasing (-25.32%). 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 -315.38 (%).Trend:Increase 20.24% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -278.36 (%).Trend:Decrease 11.74% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -350.64 (%).Trend:Increase 25.97% than previous quarter

Overall: decreasing (11.18%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q2 2020 to Q1 2021 show mixed results.  Liabilities on revenue increased by 85.97% with significant fluctuation, while current assets on revenue also increased (46.31%) with high variation.  The ratio of retained earnings to revenue decreased substantially (66.29%), but with significant volatility. SG&A expense ratio decreased moderately (-25.32%) while retained earnings on assets decreased (11.18%) with significant variation. The mixed results indicate a period of change and uncertainty in the company's finances.