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 20.62 (%).Trend:Decrease 50.95% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 14.1 (%).Trend:Decrease 31.62% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 39.51 (%).Trend:Increase 180.21% than previous quarter

Overall: increasing (91.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 46.42 (%).Trend:Decrease 49.9% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 32.64 (%).Trend:Decrease 29.69% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 99.41 (%).Trend:Increase 204.56% than previous quarter

Overall: increasing (114.15%). 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 73.32 (%).Trend:Decrease 50.83% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 54.08 (%).Trend:Decrease 26.24% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 121.91 (%).Trend:Increase 125.43% than previous quarter

Overall: increasing (66.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.67 (%).Trend:Decrease 11.64% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.82 (%).Trend:Increase 1.96% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.1 (%).Trend:Decrease 21.99% than previous quarter

Overall: decreasing (-20.47%). Fluctuation: **Neutral** (moderate 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 56.68 (%).Trend:Increase 0.35% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 57.07 (%).Trend:Increase 0.69% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 54.29 (%).Trend:Decrease 4.87% than previous quarter

Overall: decreasing (-4.22%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.95 (USD).Trend:Increase 115.91% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.57 (USD).Trend:Decrease 40.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.71 (USD).Trend:Increase 200.0% than previous quarter

Overall: increasing (80.0%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2020 to Q1 2021 reveals significant increases in liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue, all displaying high variability.  Conversely, the SG&A expense ratio decreased with moderate variation.  Retained earnings on assets showed a slight overall decrease with low variation, while earnings per share saw a significant increase and high variation.