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 33.21 (%).Trend:Decrease 49.97% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21.0 (%).Trend:Decrease 36.77% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 63.32 (%).Trend:Increase 201.52% than previous quarter

Overall: increasing (90.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 59.36 (%).Trend:Decrease 48.81% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 40.46 (%).Trend:Decrease 31.84% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 114.67 (%).Trend:Increase 183.42% than previous quarter

Overall: increasing (93.18%). 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 31.87 (%).Trend:Decrease 46.13% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 22.49 (%).Trend:Decrease 29.43% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 72.33 (%).Trend:Increase 221.61% than previous quarter

Overall: increasing (126.95%). 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 25.43 (%).Trend:Increase 6.31% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 26.68 (%).Trend:Increase 4.92% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 30.08 (%).Trend:Increase 12.74% than previous quarter

Overall: increasing (18.29%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.64 (USD).Trend:Increase 97.59% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.44 (USD).Trend:Increase 48.78% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.93 (USD).Trend:Decrease 61.89% than previous quarter

Overall: decreasing (-43.29%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 demonstrate substantial fluctuations.  Liabilities and current assets on revenue show large increases, with high variability.  The ratio of retained earnings to revenue also experienced considerable growth with substantial fluctuations.  Retained earnings on assets show a relatively stable growth pattern. Earnings per share show substantial fluctuation, including a significant decline in the last quarter.