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 28.7 (%).Trend:Decrease 48.56% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 20.48 (%).Trend:Decrease 28.64% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 63.47 (%).Trend:Increase 209.91% than previous quarter

Overall: increasing (121.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 31.19 (%).Trend:Decrease 54.49% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 20.81 (%).Trend:Decrease 33.28% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 71.95 (%).Trend:Increase 245.75% than previous quarter

Overall: increasing (130.68%). 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 71.11 (%).Trend:Decrease 45.86% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 48.76 (%).Trend:Decrease 31.43% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 151.59 (%).Trend:Increase 210.89% than previous quarter

Overall: increasing (113.18%). 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 39.97 (%).Trend:Increase 7.53% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 41.92 (%).Trend:Increase 4.88% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 45.56 (%).Trend:Increase 8.68% than previous quarter

Overall: increasing (13.99%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.17 (USD).Trend:Increase 100.93% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.76 (USD).Trend:Increase 73.27% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.42 (USD).Trend:Decrease 62.23% than previous quarter

Overall: decreasing (-34.56%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show substantial fluctuations. Working capital efficiency, as measured by liabilities and current assets on revenue, initially decreased significantly, then saw significant increases. Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased, then rose significantly.  Investment efficiency remained relatively stable. Earnings per share saw substantial increases and decreases.