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 statements reveal fluctuating trends in working capital efficiency. Liabilities on revenue and current assets on revenue decreased initially and increased later, showing high volatility. Cost efficiency, as measured by the ratio of retained earnings to revenue, exhibits substantial variation, rising significantly in Q1 2021. Investment efficiency, gauged by retained earnings on assets, has a slight downward trend. Earnings per share also fluctuate, declining in Q1 2021 but recovering in subsequent quarters.