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 50.51 (%).Trend:Decrease 18.48% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 37.13 (%).Trend:Decrease 26.49% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 62.76 (%).Trend:Increase 69.03% than previous quarter

Overall: increasing (24.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 65.22 (%).Trend:Decrease 23.83% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 52.03 (%).Trend:Decrease 20.22% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 110.26 (%).Trend:Increase 111.92% than previous quarter

Overall: increasing (69.06%). 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 227.65 (%).Trend:Decrease 49.4% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 136.75 (%).Trend:Decrease 39.93% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 356.25 (%).Trend:Increase 160.51% than previous quarter

Overall: increasing (56.49%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.38 (%).Trend:Increase 1.73% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.14 (%).Trend:Decrease 11.56% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.96 (%).Trend:Decrease 12.72% than previous quarter

Overall: decreasing (-22.81%). 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 63.95 (%).Trend:Decrease 6.0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 62.22 (%).Trend:Decrease 2.71% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 69.56 (%).Trend:Increase 11.8% than previous quarter

Overall: increasing (8.77%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.12 (USD).Trend:Increase 186.49% than previous quarter
Year 2020 Quarter 3: Earning Per Share 6.33 (USD).Trend:Increase 198.58% than previous quarter
Year 2021 Quarter 1: Earning Per Share 3.52 (USD).Trend:Decrease 44.39% than previous quarter

Overall: increasing (66.04%). Fluctuation: **Significant** (high variation).



From Q2 2020 to Q1 2021, liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue showed significant increases, despite initial decreases.  Conversely, the SG&A expense ratio decreased overall. Retained earnings on assets increased slightly, with low variation.  Earnings per share also increased significantly, but with high fluctuation.