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 21.08 (%).Trend:Decrease 22.64% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 13.41 (%).Trend:Decrease 36.39% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 28.68 (%).Trend:Increase 113.87% than previous quarter

Overall: increasing (36.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 109.91 (%).Trend:Decrease 51.14% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 68.37 (%).Trend:Decrease 37.79% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 192.72 (%).Trend:Increase 181.88% than previous quarter

Overall: increasing (75.34%). 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 47.93 (%).Trend:Decrease 49.31% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 33.55 (%).Trend:Decrease 30.0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 104.37 (%).Trend:Increase 211.09% than previous quarter

Overall: increasing (117.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 37.09 (%).Trend:Decrease 1.9% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.4 (%).Trend:Decrease 9.95% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.26 (%).Trend:Decrease 15.39% than previous quarter

Overall: decreasing (-23.81%). Fluctuation: **Neutral** (moderate 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 21.87 (%).Trend:Decrease 0.73% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 24.28 (%).Trend:Increase 11.02% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 29.4 (%).Trend:Increase 21.09% than previous quarter

Overall: increasing (34.43%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.09 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.31 (USD).Trend:Increase 244.44% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 25.81% than previous quarter

Overall: increasing (155.56%). Fluctuation: **Significant** (high variation).



Financial statement data from Q2 2020 to Q1 2021 shows significant volatility in key financial ratios.  Liabilities and current assets on revenue show large decreases and increases, suggesting instability in working capital management.  The ratio of retained earnings to revenue displays substantial fluctuations, indicating inconsistent profitability trends.  While SG&A expense ratios have decreased steadily, the overall picture points to substantial variation in financial performance. Investment efficiency, as measured by retained earnings on assets, also exhibits fluctuating, yet moderately consistent, growth.  Earnings per share experienced a sharp increase followed by a decrease, highlighting a volatile earnings picture.