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 17.76 (%).Trend:Decrease 53.12% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 13.16 (%).Trend:Decrease 25.9% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 35.58 (%).Trend:Increase 170.36% than previous quarter

Overall: increasing (100.34%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 29.77 (%).Trend:Decrease 53.46% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 19.78 (%).Trend:Decrease 33.56% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 59.05 (%).Trend:Increase 198.53% than previous quarter

Overall: increasing (98.35%). 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 5.74 (%).Trend:Decrease 52.6% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 4.18 (%).Trend:Decrease 27.18% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 12.4 (%).Trend:Increase 196.65% than previous quarter

Overall: increasing (116.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 9.09 (%).Trend:Decrease 0.66% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 10.21 (%).Trend:Increase 12.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 10.63 (%).Trend:Increase 4.11% than previous quarter

Overall: increasing (16.94%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -7.77 (USD).Trend:Increase 7.77% than previous quarter
Year 2020 Quarter 3: Earning Per Share -6.1 (USD).Trend:Decrease 21.49% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.02 (USD).Trend:Decrease 99.67% than previous quarter

Overall: increasing (-99.74%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 shows a mixed picture. Working capital efficiency indicators (liabilities and current assets on revenue) demonstrate significant upward trends with substantial fluctuations.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also exhibits a significant upward trend with large variations. Investment efficiency (retained earnings on assets) shows a stable upward trend with minor fluctuations. Earnings per share, however, show a highly variable trend with a notable upward movement, though it remains negative.  Analysis of these metrics warrants further investigation to understand the underlying drivers.