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 33.26 (%).Trend:Decrease 43.33% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 22.47 (%).Trend:Decrease 32.44% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 56.31 (%).Trend:Increase 150.6% than previous quarter

Overall: increasing (69.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 71.61 (%).Trend:Decrease 46.46% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 49.18 (%).Trend:Decrease 31.32% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 119.74 (%).Trend:Increase 143.47% than previous quarter

Overall: increasing (67.21%). 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 35.59 (%).Trend:Decrease 48.38% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 24.63 (%).Trend:Decrease 30.8% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 85.68 (%).Trend:Increase 247.87% than previous quarter

Overall: increasing (140.74%). 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 22.34 (%).Trend:Decrease 3.08% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 24.08 (%).Trend:Increase 7.79% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 27.07 (%).Trend:Increase 12.42% than previous quarter

Overall: increasing (21.17%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.14 (USD).Trend:Increase 27.27% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.44 (USD).Trend:Increase 214.29% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.15 (USD).Trend:Decrease 65.91% than previous quarter

Overall: increasing (7.14%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 show liabilities on revenue increasing significantly, but with highly variable fluctuations. Current assets on revenue also demonstrate a significant upward trend, with high volatility. Cost efficiency (retained earnings to revenue) displays a strong upward trend with significant variation. Investment efficiency increases steadily. Earnings per share also experienced volatility, but with a minimal overall increase.