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 73.89 (%).Trend:Decrease 33.95% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 47.34 (%).Trend:Decrease 35.93% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 225.2 (%).Trend:Increase 375.71% than previous quarter

Overall: increasing (204.78%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 253.12 (%).Trend:Decrease 30.47% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 125.61 (%).Trend:Decrease 50.38% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 686.99 (%).Trend:Increase 446.92% than previous quarter

Overall: increasing (171.41%). 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 151.04 (%).Trend:Decrease 36.57% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 94.47 (%).Trend:Decrease 37.45% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 251.22 (%).Trend:Increase 165.93% than previous quarter

Overall: increasing (66.33%). 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 22.63 (%).Trend:Decrease 17.05% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 23.1 (%).Trend:Increase 2.08% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 13.84 (%).Trend:Decrease 40.09% than previous quarter

Overall: decreasing (-38.84%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.25 (USD).Trend:Increase 941.67% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.61 (USD).Trend:Increase 28.8% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.59 (USD).Trend:Decrease 63.35% than previous quarter

Overall: increasing (-52.8%). Fluctuation: **Significant** (high variation).



Analyzing Q2 2020 to Q1 2021, liabilities on revenue and current assets on revenue increased significantly (204.78% and 171.41% respectively), showing high variation. The ratio of retained earnings to revenue also increased substantially (66.33%), with significant fluctuation. However, retained earnings on assets decreased (-38.84%), showing moderate variation, while earnings per share showed an overall increase of -52.8%, displaying significant fluctuation.