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 37.81 (%).Trend:Decrease 47.68% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 26.03 (%).Trend:Decrease 31.16% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 81.16 (%).Trend:Increase 211.79% than previous quarter

Overall: increasing (114.65%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 48.08 (%).Trend:Decrease 45.23% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 32.47 (%).Trend:Decrease 32.47% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 97.25 (%).Trend:Increase 199.51% than previous quarter

Overall: increasing (102.27%). 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 26.17 (%).Trend:Decrease 40.99% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 18.14 (%).Trend:Decrease 30.68% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 48.19 (%).Trend:Increase 165.66% than previous quarter

Overall: increasing (84.14%). 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 38.32 (%).Trend:Increase 6.98% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 38.48 (%).Trend:Increase 0.42% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 35.05 (%).Trend:Decrease 8.91% than previous quarter

Overall: decreasing (-8.53%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.62 (USD).Trend:Decrease 46.0% than previous quarter

Overall: decreasing (-19.0%). Fluctuation: **Significant** (high variation).



Significant fluctuations are observed in working capital efficiency metrics. Liabilities on revenue show a substantial decrease in Q2 2020, followed by a sharp increase in Q1 2021, then another significant decrease in Q2 2021.  Current assets on revenue exhibit a similar volatile trend, decreasing in Q2 and Q3 2020, followed by a large increase in Q1 2021 and another decrease in Q2 2021.  Retained earnings to revenue ratio also shows high volatility, with increases and decreases quarter-on-quarter.  Investment efficiency (retained earnings on assets) displays a more stable downward trend. Earnings per share experience substantial quarterly variations, increasing in 2020 and decreasing in Q1 2021.