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 27.49 (%).Trend:Decrease 49.57% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21.36 (%).Trend:Decrease 22.3% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 56.36 (%).Trend:Increase 163.86% than previous quarter

Overall: increasing (105.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 74.8 (%).Trend:Decrease 44.69% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 56.65 (%).Trend:Decrease 24.26% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 184.15 (%).Trend:Increase 225.07% than previous quarter

Overall: increasing (146.19%). 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 70.15 (%).Trend:Decrease 52.6% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 51.17 (%).Trend:Decrease 27.06% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 172.71 (%).Trend:Increase 237.52% than previous quarter

Overall: increasing (146.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.63 (%).Trend:Decrease 11.88% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.56 (%).Trend:Increase 4.11% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.07 (%).Trend:Decrease 2.08% than previous quarter

Overall: increasing (1.94%). 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 33.46 (%).Trend:Increase 6.32% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 34.25 (%).Trend:Increase 2.36% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 38.24 (%).Trend:Increase 11.65% than previous quarter

Overall: increasing (14.29%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.07 (USD).Trend:Increase 290.57% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.76 (USD).Trend:Increase 33.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.84 (USD).Trend:Decrease 69.57% than previous quarter

Overall: decreasing (-59.42%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 show mixed results. Working capital efficiency fluctuates greatly, with liabilities and current assets on revenue showing a complex pattern. Cost efficiency also displays significant variation, with the ratio of retained earnings to revenue demonstrating substantial increases and decreases. The selling, general, and administrative (SG&A) expense ratio shows consistent slight growth. Investment efficiency remains consistent.  Earnings per share demonstrate large swings but exhibit a net decrease.  The variability and potential issues across multiple metrics warrants further analysis.