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 50.57 (%).Trend:Decrease 54.33% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 34.48 (%).Trend:Decrease 31.82% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 92.64 (%).Trend:Increase 168.68% than previous quarter

Overall: increasing (83.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 76.35 (%).Trend:Decrease 51.02% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 47.24 (%).Trend:Decrease 38.13% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 165.05 (%).Trend:Increase 249.39% than previous quarter

Overall: increasing (116.18%). 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 24.8 (%).Trend:Decrease 46.67% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 17.61 (%).Trend:Decrease 28.99% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 55.38 (%).Trend:Increase 214.48% than previous quarter

Overall: increasing (123.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.95 (%).Trend:Increase 7.55% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.35 (%).Trend:Decrease 3.17% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.54 (%).Trend:Decrease 4.41% than previous quarter

Overall: decreasing (-7.44%). 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 5.94 (%).Trend:Increase 5.32% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 6.42 (%).Trend:Increase 8.08% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 6.91 (%).Trend:Increase 7.63% than previous quarter

Overall: increasing (16.33%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 4.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.26 (USD).Trend:Decrease 43.5% than previous quarter

Overall: increasing (13.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2020 to Q1 2021 suggests a pattern of significant fluctuations. Working capital efficiency, measured by liabilities and current assets on revenue, is increasing, but shows substantial volatility.  Cost efficiency, with a decreasing SG&A expense ratio, suggests a focus on controlling overhead.  The ratio of retained earnings to revenue rises substantially in Q1 2021 but displays a significant variation across the three quarters.  Investment efficiency exhibits a stable growth pattern, with consistent increases in retained earnings on assets.  Earnings per share, while demonstrating overall growth, show notable volatility across the three quarters.