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 23.9 (%).Trend:Decrease 48.69% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 20.19 (%).Trend:Decrease 15.52% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 41.09 (%).Trend:Increase 103.52% than previous quarter

Overall: increasing (71.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 74.63 (%).Trend:Decrease 56.54% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 51.63 (%).Trend:Decrease 30.82% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 144.4 (%).Trend:Increase 179.68% than previous quarter

Overall: increasing (93.49%). 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 89.46 (%).Trend:Decrease 52.23% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 60.5 (%).Trend:Decrease 32.37% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 173.36 (%).Trend:Increase 186.55% than previous quarter

Overall: increasing (93.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.77 (%).Trend:Decrease 1.46% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.76 (%).Trend:Decrease 0.11% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.97 (%).Trend:Increase 13.81% than previous quarter

Overall: increasing (13.68%). 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 26.46 (%).Trend:Increase 4.34% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 26.9 (%).Trend:Increase 1.66% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 23.41 (%).Trend:Decrease 12.97% than previous quarter

Overall: decreasing (-11.53%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.42 (USD).Trend:Decrease 58.0% than previous quarter

Overall: decreasing (-58.0%). Fluctuation: **Significant** (high variation).



Working Capital Efficiency shows significant fluctuation in liabilities and current assets on revenue, both increasing overall.  Cost Efficiency, with a significant increase in the ratio of retained earnings to revenue, also exhibits high variation.  SG&A expense ratio shows a slight increase overall with little fluctuation.  Investment Efficiency shows a slight decrease in retained earnings on assets with little variation.  Earnings per share decreased significantly in Q1 2021.