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 95.57 (%).Trend:Decrease 21.42% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 63.61 (%).Trend:Decrease 33.44% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 124.13 (%).Trend:Increase 95.14% than previous quarter

Overall: increasing (29.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 487.63 (%).Trend:Decrease 32.58% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 308.42 (%).Trend:Decrease 36.75% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 715.92 (%).Trend:Increase 132.13% than previous quarter

Overall: increasing (46.82%). 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 160.8 (%).Trend:Decrease 35.54% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 106.9 (%).Trend:Decrease 33.52% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 295.62 (%).Trend:Increase 176.54% than previous quarter

Overall: increasing (83.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.53 (%).Trend:Increase 35.06% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.71 (%).Trend:Decrease 15.22% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.24 (%).Trend:Decrease 22.09% than previous quarter

Overall: decreasing (-33.94%). 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 23.58 (%).Trend:Decrease 4.34% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 25.07 (%).Trend:Increase 6.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 30.23 (%).Trend:Increase 20.58% than previous quarter

Overall: increasing (28.2%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.82 (USD).Trend:Increase 2.5% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.67 (USD).Trend:Increase 103.66% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.09 (USD).Trend:Decrease 34.73% than previous quarter

Overall: increasing (32.93%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2020 - Q1 2021 shows significant fluctuations. Liabilities on revenue, current assets on revenue and the ratio of retained earnings to revenue all increased substantially (29.88%, 46.82%, 83.84% respectively).  The SG&A expense ratio decreased moderately (-33.94%), while retained earnings on assets increased moderately (28.2%), and earnings per share showed significant growth (32.93%).