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 37.31 (%).Trend:Decrease 49.22% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.68 (%).Trend:Decrease 20.45% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 76.86 (%).Trend:Increase 158.96% than previous quarter

Overall: increasing (106.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 41.38 (%).Trend:Decrease 44.46% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 31.14 (%).Trend:Decrease 24.75% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 82.37 (%).Trend:Increase 164.52% than previous quarter

Overall: increasing (99.06%). 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 16.72 (%).Trend:Decrease 43.21% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 11.94 (%).Trend:Decrease 28.59% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 38.73 (%).Trend:Increase 224.37% than previous quarter

Overall: increasing (131.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.0 (%).Trend:Decrease 3.38% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.19 (%).Trend:Increase 0.95% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.63 (%).Trend:Decrease 7.73% than previous quarter

Overall: decreasing (-6.85%). 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 14.84 (%).Trend:Increase 15.13% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 15.37 (%).Trend:Increase 3.57% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 18.57 (%).Trend:Increase 20.82% than previous quarter

Overall: increasing (25.13%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 4.2 (USD).Trend:Decrease 16.0% than previous quarter

Overall: increasing (40.0%). Fluctuation: **Neutral** (moderate variation).



Financial statements from Q2 2020 to Q1 2021 show significant volatility across various metrics. Working capital efficiency reveals upward trends in liabilities and current assets on revenue, though with considerable fluctuation. Cost efficiency shows a substantial increase in the ratio of retained earnings to revenue. The SG&A expense ratio trended slightly downward.  Invest efficiency also showed an upward trend in retained earnings on assets. Earnings per share increased overall with fluctuations.