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 55.25 (%).Trend:Decrease 47.33% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 35.44 (%).Trend:Decrease 35.86% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 109.32 (%).Trend:Increase 208.47% than previous quarter

Overall: increasing (97.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 377.64 (%).Trend:Decrease 50.16% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 245.53 (%).Trend:Decrease 34.98% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 794.51 (%).Trend:Increase 223.59% than previous quarter

Overall: increasing (110.39%). 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 46.97 (%).Trend:Decrease 57.9% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 24.9 (%).Trend:Decrease 46.99% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 81.13 (%).Trend:Increase 225.82% than previous quarter

Overall: increasing (72.73%). 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 6.99 (%).Trend:Decrease 12.3% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.62 (%).Trend:Decrease 19.6% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 5.89 (%).Trend:Increase 4.8% than previous quarter

Overall: decreasing (-15.74%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.42 (USD).Trend:Increase 133.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.8 (USD).Trend:Increase 90.48% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.24 (USD).Trend:Decrease 70.0% than previous quarter

Overall: increasing (-42.86%). Fluctuation: **Significant** (high variation).



Significant increases were observed in Liabilities on Revenue (97.86%), Current assets on Revenue (110.39%), and Ratio of Retained Earnings to Revenue (72.73%), all exhibiting substantial fluctuations.  Conversely, Retained Earning on Assets demonstrated a decrease (-15.74%) with moderate variation. Earning Per Share showed an overall increase (-42.86%) with significant fluctuation, requiring strategic review.