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 41.25 (%).Trend:Decrease 46.81% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 28.9 (%).Trend:Decrease 29.94% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 82.76 (%).Trend:Increase 186.37% than previous quarter

Overall: increasing (100.63%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 31.32 (%).Trend:Decrease 54.4% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 23.41 (%).Trend:Decrease 25.26% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 55.58 (%).Trend:Increase 137.42% than previous quarter

Overall: increasing (77.46%). 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 110.4 (%).Trend:Decrease 48.11% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 74.57 (%).Trend:Decrease 32.45% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 227.67 (%).Trend:Increase 205.31% than previous quarter

Overall: increasing (106.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.77 (%).Trend:Decrease 0.74% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.49 (%).Trend:Decrease 2.6% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.22 (%).Trend:Decrease 2.57% than previous quarter

Overall: decreasing (-5.11%). 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 24.22 (%).Trend:Increase 2.11% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 24.46 (%).Trend:Increase 0.99% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 25.42 (%).Trend:Increase 3.92% than previous quarter

Overall: increasing (4.95%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.48 (USD).Trend:Increase 92.21% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.29 (USD).Trend:Increase 54.73% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.93 (USD).Trend:Decrease 59.39% than previous quarter

Overall: decreasing (-37.16%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2020 to Q1 2021 shows a mixed bag. Working capital efficiency, represented by liabilities and current assets on revenue, displays significant volatility with overall increases. Cost efficiency, indicated by the ratio of retained earnings to revenue, shows substantial increases. Investment efficiency, reflected by retained earnings on assets, shows a gradual increase.  Earnings per share decreased, although other areas showed considerable improvements.