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 37.27 (%).Trend:Decrease 36.58% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.39 (%).Trend:Decrease 34.56% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 57.15 (%).Trend:Increase 134.32% than previous quarter

Overall: increasing (53.34%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 96.97 (%).Trend:Decrease 41.78% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 66.29 (%).Trend:Decrease 31.64% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 181.22 (%).Trend:Increase 173.37% than previous quarter

Overall: increasing (86.88%). 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 62.5 (%).Trend:Decrease 44.94% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 42.36 (%).Trend:Decrease 32.22% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 127.04 (%).Trend:Increase 199.91% than previous quarter

Overall: increasing (103.26%). 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 49.11 (%).Trend:Decrease 3.23% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 49.57 (%).Trend:Increase 0.94% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 55.87 (%).Trend:Increase 12.71% than previous quarter

Overall: increasing (13.77%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis from Q2 2020 to Q1 2021 demonstrates substantial fluctuations.  Liabilities and current assets on revenue increased significantly after a period of decreases in Q1 2021, exhibiting a high degree of variation.  Cost efficiency, measured by the retained earnings-to-revenue ratio, also reveals large shifts and an overall increase.  Investment efficiency, using retained earnings on assets, reveals a relatively consistent, small increase.