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 163.79 (%).Trend:Decrease 54.42% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 90.03 (%).Trend:Decrease 45.03% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 258.48 (%).Trend:Increase 187.1% than previous quarter

Overall: increasing (57.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 242.32 (%).Trend:Decrease 53.58% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 147.53 (%).Trend:Decrease 39.12% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 443.51 (%).Trend:Increase 200.62% than previous quarter

Overall: increasing (83.03%). 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 71.21 (%).Trend:Decrease 58.34% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 49.79 (%).Trend:Decrease 30.08% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 164.87 (%).Trend:Increase 231.13% than previous quarter

Overall: increasing (131.53%). 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 20.68 (%).Trend:Decrease 2.27% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 23.76 (%).Trend:Increase 14.89% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 25.53 (%).Trend:Increase 7.45% than previous quarter

Overall: increasing (23.45%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.05 (USD).Trend:Increase 156.1% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.49 (USD).Trend:Increase 137.14% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.78 (USD).Trend:Decrease 68.67% than previous quarter

Overall: decreasing (-25.71%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show significant volatility in key financial metrics. Liabilities on revenue and current assets on revenue trend upward, despite considerable quarter-to-quarter variations. Cost efficiency (retained earnings to revenue) shows a positive trend, but with significant quarterly fluctuations.  Investment efficiency demonstrates a moderate upward trend in retained earnings on assets. Earnings per share, however, show a substantial drop, despite increases in previous quarters. Overall, the high volatility across metrics suggests a period of significant uncertainty.