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 24.11 (%).Trend:Decrease 56.9% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 20.83 (%).Trend:Decrease 13.6% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 59.27 (%).Trend:Increase 184.54% than previous quarter

Overall: increasing (145.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 81.42 (%).Trend:Decrease 51.07% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 57.6 (%).Trend:Decrease 29.26% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 238.69 (%).Trend:Increase 314.39% than previous quarter

Overall: increasing (193.16%). 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 83.65 (%).Trend:Decrease 42.62% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 59.75 (%).Trend:Decrease 28.57% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 173.17 (%).Trend:Increase 189.82% than previous quarter

Overall: increasing (107.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.33 (%).Trend:Increase 14.89% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.14 (%).Trend:Decrease 2.59% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.52 (%).Trend:Decrease 8.68% than previous quarter

Overall: decreasing (-11.05%). 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 45.11 (%).Trend:Increase 6.95% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 47.13 (%).Trend:Increase 4.48% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 40.89 (%).Trend:Decrease 13.24% than previous quarter

Overall: decreasing (-9.35%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q2 2020 to Q1 2021 show significant fluctuations in working capital efficiency metrics.  Liabilities and current assets on revenue both increased substantially, with large quarter-to-quarter changes. Cost efficiency, as measured by the retained earnings to revenue ratio, also increased significantly and erratically.  Conversely, the selling, general, and administrative (SG&A) expense ratio showed a small decrease. Investment efficiency (retained earnings on assets) decreased slightly with low fluctuation.