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 42.52 (%).Trend:Decrease 21.98% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 28.12 (%).Trend:Decrease 33.87% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 80.95 (%).Trend:Increase 187.87% than previous quarter

Overall: increasing (90.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 31.23 (%).Trend:Decrease 29.38% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 16.06 (%).Trend:Decrease 48.58% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 59.66 (%).Trend:Increase 271.48% than previous quarter

Overall: increasing (91.03%). 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 63.87 (%).Trend:Decrease 22.11% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 41.19 (%).Trend:Decrease 35.51% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 115.53 (%).Trend:Increase 180.48% than previous quarter

Overall: increasing (80.88%). 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 22.16 (%).Trend:Increase 18.12% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 22.45 (%).Trend:Increase 1.31% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 23.76 (%).Trend:Increase 5.84% than previous quarter

Overall: increasing (7.22%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.66 (USD).Trend:Increase 654.55% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.92 (USD).Trend:Increase 15.66% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.14 (USD).Trend:Decrease 92.71% than previous quarter

Overall: increasing (-91.57%). Fluctuation: **Significant** (high variation).



Q2 2020 to Q1 2021 data shows significant fluctuations.  Liabilities on revenue, current assets on revenue, and ratio of retained earnings to revenue all increased substantially (90.38%, 91.03%, 80.88% respectively), suggesting improved working capital and cost efficiency.  Retained earnings on assets also showed a small increase (7.22%). Earnings per share showed a large increase (-91.57%), warranting further analysis.