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 22.0 (%).Trend:Decrease 47.36% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 14.19 (%).Trend:Decrease 35.5% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 45.82 (%).Trend:Increase 222.9% than previous quarter

Overall: increasing (108.27%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 48.54 (%).Trend:Decrease 49.29% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 31.94 (%).Trend:Decrease 34.2% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 109.51 (%).Trend:Increase 242.86% than previous quarter

Overall: increasing (125.61%). 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 11.68 (%).Trend:Decrease 41.95% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 8.52 (%).Trend:Decrease 27.05% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 24.45 (%).Trend:Increase 186.97% than previous quarter

Overall: increasing (109.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.12 (%).Trend:Increase 0.65% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.82 (%).Trend:Increase 3.03% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.82 (%).Trend:Decrease 4.2% than previous quarter

Overall: decreasing (-1.3%). 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 8.75 (%).Trend:Increase 16.82% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 9.37 (%).Trend:Increase 7.09% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 8.81 (%).Trend:Decrease 5.98% than previous quarter

Overall: increasing (0.69%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.3 (USD).Trend:Increase 116.67% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.55 (USD).Trend:Increase 19.23% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.64 (USD).Trend:Decrease 58.71% than previous quarter

Overall: decreasing (-50.77%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased dramatically in Q1 2021, then decreased in Q2 and Q3 2021. Current assets on revenue also saw significant increases and decreases. Cost efficiency shows a slight overall decrease in the SG&A expense ratio, with little fluctuation. Invest efficiency shows a slight overall increase in retained earnings on assets with little fluctuation. Earnings per share saw significant fluctuations, decreasing sharply in Q1 2021, then recovering in the following quarters.