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 27.07 (%).Trend:Decrease 52.24% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 18.36 (%).Trend:Decrease 32.18% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 64.13 (%).Trend:Increase 249.29% than previous quarter

Overall: increasing (136.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 40.86 (%).Trend:Decrease 48.02% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 32.28 (%).Trend:Decrease 21.0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 93.05 (%).Trend:Increase 188.26% than previous quarter

Overall: increasing (127.73%). 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 -207.72 (%).Trend:Decrease 47.1% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -138.76 (%).Trend:Decrease 33.2% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -277.06 (%).Trend:Increase 99.67% than previous quarter

Overall: decreasing (33.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.73 (%).Trend:Increase 1.84% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.86 (%).Trend:Increase 0.73% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.14 (%).Trend:Decrease 32.03% than previous quarter

Overall: decreasing (-31.53%). 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 -121.53 (%).Trend:Decrease 0.19% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -116.47 (%).Trend:Decrease 4.16% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -89.7 (%).Trend:Decrease 22.98% than previous quarter

Overall: increasing (-26.19%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q2 2020 to Q1 2021 show considerable fluctuation. Liabilities and current assets against revenue increased substantially, with high volatility. The ratio of retained earnings to revenue decreased significantly. SG&A expense ratios also decreased.  Investment efficiency, as measured by retained earnings on assets, shows fluctuation with a negative overall trend.  A conclusive analysis of the data is limited by missing earning per share data. The overall pattern suggests significant financial volatility across various metrics during this period.