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 32.56 (%).Trend:Decrease 45.76% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21.82 (%).Trend:Decrease 32.99% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 53.6 (%).Trend:Increase 145.65% than previous quarter

Overall: increasing (64.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 145.35 (%).Trend:Decrease 46.54% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 99.99 (%).Trend:Decrease 31.21% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 277.06 (%).Trend:Increase 177.09% than previous quarter

Overall: increasing (90.62%). 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 120.56 (%).Trend:Decrease 47.89% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 82.81 (%).Trend:Decrease 31.31% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 230.36 (%).Trend:Increase 178.18% than previous quarter

Overall: increasing (91.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.05 (%).Trend:Decrease 1.41% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.59 (%).Trend:Decrease 2.87% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.82 (%).Trend:Decrease 11.35% than previous quarter

Overall: decreasing (-13.89%). 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 35.86 (%).Trend:Increase 0.56% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 36.86 (%).Trend:Increase 2.79% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 39.78 (%).Trend:Increase 7.92% than previous quarter

Overall: increasing (10.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.6 (USD).Trend:Increase 106.35% than previous quarter
Year 2020 Quarter 3: Earning Per Share 4.26 (USD).Trend:Increase 63.85% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.21 (USD).Trend:Decrease 48.12% than previous quarter

Overall: decreasing (-15.0%). Fluctuation: **Significant** (high variation).



Q2 2020 to Q1 2021 financial analysis reveals a mixed picture. Working capital efficiency, demonstrated by liabilities and current assets on revenue, shows substantial increases (64.62% and 90.62%, respectively). Cost efficiency (ratio of retained earnings to revenue) shows a notable rise (91.07%), but with significant variation.  SG&A expense ratio shows a modest decrease (-13.89%), with low fluctuation.  Investment efficiency and earnings per share present contrasting trends, both with increases, but earning per share has a significant decrease (-15%) as well.