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 50.6 (%).Trend:Decrease 63.84% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 34.55 (%).Trend:Decrease 31.72% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 98.65 (%).Trend:Increase 185.53% than previous quarter

Overall: increasing (94.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 37.83 (%).Trend:Decrease 64.99% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 30.47 (%).Trend:Decrease 19.46% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 75.7 (%).Trend:Increase 148.44% than previous quarter

Overall: increasing (100.11%). 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 345.89 (%).Trend:Decrease 44.53% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 246.22 (%).Trend:Decrease 28.82% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 785.47 (%).Trend:Increase 219.01% than previous quarter

Overall: increasing (127.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.66 (%).Trend:Increase 40.57% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.38 (%).Trend:Decrease 5.65% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.2 (%).Trend:Increase 3.84% than previous quarter

Overall: decreasing (-2.03%). 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 172.76 (%).Trend:Increase 13.04% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 172.78 (%).Trend:Increase 0.01% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 181.44 (%).Trend:Increase 5.01% than previous quarter

Overall: increasing (5.02%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.12 (USD).Trend:Decrease 233.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.92 (USD).Trend:Increase 666.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.26 (USD).Trend:Decrease 128.26% than previous quarter

Overall: decreasing (-316.67%). Fluctuation: **Significant** (high variation).



From Q2 2020 to Q1 2021, liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all increased significantly, though with considerable volatility.  The SG&A expense ratio showed a minor overall decrease, and retained earnings on assets increased modestly and consistently. Earnings per share, however, experienced a substantial decline.  These fluctuations warrant further investigation.