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 65.74 (%).Trend:Decrease 35.85% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 40.26 (%).Trend:Decrease 38.76% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 115.79 (%).Trend:Increase 187.61% than previous quarter

Overall: increasing (76.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 58.13 (%).Trend:Decrease 49.06% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 34.89 (%).Trend:Decrease 39.98% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 109.56 (%).Trend:Increase 214.02% than previous quarter

Overall: increasing (88.47%). 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 101.21 (%).Trend:Decrease 52.72% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 69.21 (%).Trend:Decrease 31.62% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 212.57 (%).Trend:Increase 207.14% than previous quarter

Overall: increasing (110.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.79 (%).Trend:Decrease 11.75% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.04 (%).Trend:Decrease 5.07% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.21 (%).Trend:Decrease 20.16% than previous quarter

Overall: decreasing (-24.21%). 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 23.45 (%).Trend:Increase 2.45% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 24.21 (%).Trend:Increase 3.24% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 25.45 (%).Trend:Increase 5.12% than previous quarter

Overall: increasing (8.53%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency shows significant fluctuations. Liabilities on revenue increased dramatically in Q1 2021 before decreasing in subsequent quarters.  Similarly, current assets on revenue saw a large increase in Q1 2021 followed by significant decreases.  Cost efficiency shows a consistent decrease in SG&A expense ratios, while the ratio of retained earnings to revenue saw large increases and decreases throughout the period.  Investment efficiency, as measured by retained earnings on assets, exhibits a steady, low-variance increase.