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 30.68 (%).Trend:Decrease 47.36% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 19.91 (%).Trend:Decrease 35.1% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 57.94 (%).Trend:Increase 191.01% than previous quarter

Overall: increasing (88.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 38.4 (%).Trend:Decrease 49.71% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 24.18 (%).Trend:Decrease 37.03% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 97.84 (%).Trend:Increase 304.63% than previous quarter

Overall: increasing (154.79%). 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 73.99 (%).Trend:Decrease 49.64% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 49.3 (%).Trend:Decrease 33.37% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 135.13 (%).Trend:Increase 174.1% than previous quarter

Overall: increasing (82.63%). 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 36.35 (%).Trend:Decrease 0.66% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 36.52 (%).Trend:Increase 0.47% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 33.62 (%).Trend:Decrease 7.94% than previous quarter

Overall: decreasing (-7.51%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 5.0 (USD).Trend:Increase 74.83% than previous quarter
Year 2020 Quarter 3: Earning Per Share 6.21 (USD).Trend:Increase 24.2% than previous quarter
Year 2021 Quarter 1: Earning Per Share 4.75 (USD).Trend:Decrease 23.51% than previous quarter

Overall: decreasing (-5.0%). Fluctuation: **Neutral** (moderate variation).



Financial analysis from Q2 2020 to Q1 2021 shows significant volatility in working capital efficiency. Liabilities on revenue decreased initially, then increased substantially in Q1 2021, followed by a further decline. Similarly, current assets on revenue showed a significant, though less dramatic, fluctuation pattern. Cost efficiency, as measured by the ratio of retained earnings to revenue, also displays considerable variability.  Investment efficiency, represented by retained earnings on assets, exhibits a moderate, gradual decline.  Earnings per share also show a decrease overall, though with fluctuating increases and decreases throughout the period.