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 85.25 (%).Trend:Decrease 51.51% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 55.92 (%).Trend:Decrease 34.4% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 188.56 (%).Trend:Increase 237.2% than previous quarter

Overall: increasing (121.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 238.81 (%).Trend:Decrease 52.42% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 162.41 (%).Trend:Decrease 31.99% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 476.6 (%).Trend:Increase 193.45% than previous quarter

Overall: increasing (99.57%). 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 43.94 (%).Trend:Decrease 46.68% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 30.49 (%).Trend:Decrease 30.61% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 105.49 (%).Trend:Increase 245.98% than previous quarter

Overall: increasing (140.08%). 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 10.87 (%).Trend:Increase 11.26% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 11.21 (%).Trend:Increase 3.13% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 13.02 (%).Trend:Increase 16.15% than previous quarter

Overall: increasing (19.78%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.93 (USD).Trend:Increase 109.29% than previous quarter
Year 2020 Quarter 3: Earning Per Share 4.34 (USD).Trend:Increase 48.12% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.84 (USD).Trend:Decrease 57.6% than previous quarter

Overall: decreasing (-37.2%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show considerable volatility.  Liabilities on revenue increased sharply in Q1 2021 after a decrease in the previous two quarters.  Current assets on revenue also showed a similar pattern of significant fluctuations. The ratio of retained earnings to revenue saw a substantial increase in Q1 2021 after decreases in Q2 and Q3 2020. Investment efficiency saw a steady increase, while earnings per share showed a significant decline in Q1 2021.