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 37.37 (%).Trend:Decrease 38.35% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 27.67 (%).Trend:Decrease 25.96% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 76.99 (%).Trend:Increase 178.24% than previous quarter

Overall: increasing (106.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 65.78 (%).Trend:Decrease 38.31% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 48.72 (%).Trend:Decrease 25.93% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 134.01 (%).Trend:Increase 175.06% than previous quarter

Overall: increasing (103.72%). 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 1.14 (%).Trend:Decrease 23.49% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 1.12 (%).Trend:Decrease 1.75% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 1.21 (%).Trend:Increase 8.04% than previous quarter

Overall: increasing (6.14%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.29 (%).Trend:Increase 1.45% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 32.61 (%).Trend:Increase 0.99% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.25 (%).Trend:Decrease 7.24% than previous quarter

Overall: decreasing (-6.32%). 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 1.24 (%).Trend:Increase 25.25% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 1.67 (%).Trend:Increase 34.68% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 0.66 (%).Trend:Decrease 60.48% than previous quarter

Overall: decreasing (-46.77%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.2 (USD).Trend:Increase 51.9% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.88 (USD).Trend:Increase 56.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.99 (USD).Trend:Decrease 47.34% than previous quarter

Overall: decreasing (-17.5%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 shows a mixed bag. Liabilities and current assets on revenue both increased substantially in Q1 2021, after significant decreases in the previous quarters. The ratio of retained earnings to revenue showed a modest overall increase with low fluctuation.  SG&A expense ratio displayed a modest decrease. Investment efficiency, however, showed a considerable drop in retained earnings on assets. Earnings per share also demonstrated significant fluctuations, decreasing overall.