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 31.76 (%).Trend:Decrease 48.71% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21.91 (%).Trend:Decrease 31.01% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 67.61 (%).Trend:Increase 208.58% than previous quarter

Overall: increasing (112.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 42.83 (%).Trend:Decrease 57.04% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 29.15 (%).Trend:Decrease 31.94% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 93.73 (%).Trend:Increase 221.54% than previous quarter

Overall: increasing (118.84%). 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 35.86 (%).Trend:Decrease 47.54% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 26.11 (%).Trend:Decrease 27.19% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 60.94 (%).Trend:Increase 133.4% than previous quarter

Overall: increasing (69.94%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.4 (%).Trend:Decrease 3.58% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.39 (%).Trend:Decrease 4.32% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.2 (%).Trend:Decrease 18.71% than previous quarter

Overall: decreasing (-22.22%). Fluctuation: **Neutral** (moderate 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 18.36 (%).Trend:Increase 9.68% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.63 (%).Trend:Increase 6.92% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 20.43 (%).Trend:Increase 4.08% than previous quarter

Overall: increasing (11.27%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.74 (USD).Trend:Increase 174.07% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.29 (USD).Trend:Increase 74.32% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.48 (USD).Trend:Increase 14.73% than previous quarter

Overall: increasing (100.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 reveal a significant fluctuation in working capital efficiency, with substantial increases and decreases in both liabilities and current assets on revenue. Cost efficiency shows a significant decline in the SG&A expense ratio. Investment efficiency demonstrates a gradual increase in retained earnings on assets with minimal variation. Earnings per share exhibit a substantial upward trend but substantial quarterly variation.