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 24.11 (%).Trend:Decrease 56.9% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 20.83 (%).Trend:Decrease 13.6% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 59.27 (%).Trend:Increase 184.54% than previous quarter

Overall: increasing (145.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 81.42 (%).Trend:Decrease 51.07% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 57.6 (%).Trend:Decrease 29.26% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 238.69 (%).Trend:Increase 314.39% than previous quarter

Overall: increasing (193.16%). 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 83.65 (%).Trend:Decrease 42.62% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 59.75 (%).Trend:Decrease 28.57% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 173.17 (%).Trend:Increase 189.82% than previous quarter

Overall: increasing (107.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.33 (%).Trend:Increase 14.89% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.14 (%).Trend:Decrease 2.59% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.52 (%).Trend:Decrease 8.68% than previous quarter

Overall: decreasing (-11.05%). 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 45.11 (%).Trend:Increase 6.95% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 47.13 (%).Trend:Increase 4.48% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 40.89 (%).Trend:Decrease 13.24% than previous quarter

Overall: decreasing (-9.35%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q2 2020 to Q1 2021 show considerable fluctuations in working capital efficiency. Liabilities on revenue increased substantially in Q1 2021 after a decrease in Q2 and Q3 2020, resulting in an overall increase of 145.83%. Current assets on revenue also increased significantly in Q1 2021 after a decline in Q2 and Q3 2020, with an overall increase of 193.16%.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a considerable increase overall (107.02%). The Selling, General & Administrative (SG&A) expense ratio shows a modest decline overall (-11.05%).  Investment efficiency shows a slight decrease overall (-9.35%) in retained earnings on assets with low fluctuation.