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 37.81 (%).Trend:Decrease 47.68% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 26.03 (%).Trend:Decrease 31.16% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 81.16 (%).Trend:Increase 211.79% than previous quarter

Overall: increasing (114.65%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 48.08 (%).Trend:Decrease 45.23% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 32.47 (%).Trend:Decrease 32.47% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 97.25 (%).Trend:Increase 199.51% than previous quarter

Overall: increasing (102.27%). 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 26.17 (%).Trend:Decrease 40.99% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 18.14 (%).Trend:Decrease 30.68% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 48.19 (%).Trend:Increase 165.66% than previous quarter

Overall: increasing (84.14%). 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 38.32 (%).Trend:Increase 6.98% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 38.48 (%).Trend:Increase 0.42% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 35.05 (%).Trend:Decrease 8.91% than previous quarter

Overall: decreasing (-8.53%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.62 (USD).Trend:Decrease 46.0% than previous quarter

Overall: decreasing (-19.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 show substantial fluctuations.  Working capital efficiency (liabilities and current assets on revenue) shows increases, with significant quarter-to-quarter changes.  Cost efficiency (ratio of retained earnings to revenue) shows a similar overall increasing trend. Investment efficiency, measured by retained earnings on assets, is declining but with minimal variation. Earnings per share are declining, with high quarter-to-quarter swings.  The data indicate a period of significant change and potential risk.