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 40.22 (%).Trend:Decrease 47.64% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.13 (%).Trend:Decrease 37.52% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 86.95 (%).Trend:Increase 246.0% than previous quarter

Overall: increasing (116.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 90.01 (%).Trend:Decrease 46.74% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 57.64 (%).Trend:Decrease 35.96% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 179.89 (%).Trend:Increase 212.09% than previous quarter

Overall: increasing (99.86%). 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 105.35 (%).Trend:Decrease 49.6% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 71.25 (%).Trend:Decrease 32.37% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 227.72 (%).Trend:Increase 219.61% than previous quarter

Overall: increasing (116.16%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.99 (%).Trend:Increase 3.02% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.44 (%).Trend:Decrease 1.9% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.99 (%).Trend:Increase 1.93% than previous quarter

Overall: stable (0.0%). 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 46.88 (%).Trend:Increase 1.49% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 50.32 (%).Trend:Increase 7.34% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 48.51 (%).Trend:Decrease 3.6% than previous quarter

Overall: increasing (3.48%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 200.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 6.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 66.67% than previous quarter

Overall: decreasing (-33.33%). Fluctuation: **Significant** (high variation).



Financial analysis reveals significant volatility in working capital efficiency, with substantial increases and decreases in liabilities and current assets on revenue.  Cost efficiency shows large variations in the ratio of retained earnings to revenue, though the SG&A expense ratio is relatively stable.  Investment efficiency demonstrates a generally stable trend in retained earnings on assets.  Earnings per share display significant volatility, with substantial increases and decreases throughout the analyzed period.