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 163.11 (%).Trend:Decrease 48.93% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 103.72 (%).Trend:Decrease 36.41% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 262.39 (%).Trend:Increase 152.98% than previous quarter

Overall: increasing (60.87%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 162.27 (%).Trend:Decrease 44.49% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 112.14 (%).Trend:Decrease 30.89% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 337.79 (%).Trend:Increase 201.22% than previous quarter

Overall: increasing (108.17%). 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 -227.34 (%).Trend:Decrease 51.61% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -145.5 (%).Trend:Decrease 36.0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -355.9 (%).Trend:Increase 144.6% than previous quarter

Overall: decreasing (56.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 39.19 (%).Trend:Decrease 4.09% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 37.22 (%).Trend:Decrease 5.03% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.88 (%).Trend:Decrease 3.6% than previous quarter

Overall: decreasing (-8.45%). 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 -54.32 (%).Trend:Decrease 4.06% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -52.82 (%).Trend:Decrease 2.76% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -48.32 (%).Trend:Decrease 8.52% than previous quarter

Overall: increasing (-11.05%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.25 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.58 (USD).Trend:Increase 132.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.45 (USD).Trend:Decrease 22.41% than previous quarter

Overall: increasing (80.0%). Fluctuation: **Significant** (high variation).



The period analyzed is Q2 2020 to Q1 2021. Liabilities on revenue increased significantly (60.87%), and current assets on revenue also increased (108.17%), both with high fluctuation.  Ratio of retained earnings to revenue decreased (-56.55%),  exhibiting significant fluctuation. The SG&A expense ratio decreased slightly (-8.45%) with low variation. Retained earnings on assets increased (-11.05%) with significant variation. Earnings per share increased by 80%, showing significant fluctuation.