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 63.15 (%).Trend:Decrease 39.93% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 36.55 (%).Trend:Decrease 42.12% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 97.89 (%).Trend:Increase 167.82% than previous quarter

Overall: increasing (55.01%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 126.32 (%).Trend:Decrease 40.83% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 84.72 (%).Trend:Decrease 32.93% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 229.15 (%).Trend:Increase 170.48% than previous quarter

Overall: increasing (81.4%). 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 133.56 (%).Trend:Decrease 47.21% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 93.32 (%).Trend:Decrease 30.13% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 284.93 (%).Trend:Increase 205.33% than previous quarter

Overall: increasing (113.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.53 (%).Trend:Increase 2.32% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.69 (%).Trend:Decrease 5.78% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.54 (%).Trend:Decrease 15.7% than previous quarter

Overall: decreasing (-20.58%). 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 31.67 (%).Trend:Increase 0.54% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 34.17 (%).Trend:Increase 7.89% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 38.2 (%).Trend:Increase 11.79% than previous quarter

Overall: increasing (20.62%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.52 (USD).Trend:Increase 67.74% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 92.31% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.49 (USD).Trend:Decrease 51.0% than previous quarter

Overall: decreasing (-5.77%). Fluctuation: **Significant** (high variation).



Between Q2 2020 and Q1 2021, Liabilities on Revenue increased significantly (55.01%), reflecting high fluctuation. Similarly, Current assets on Revenue increased substantially (81.4%), with high variation.  The Ratio of Retained Earnings to Revenue also increased significantly (113.33%), exhibiting high variation.  In contrast, the Selling, General & Administrative (SG&A) Expense Ratio decreased (-20.58%) with moderate fluctuation, and Retained Earning on Assets showed a small increase (20.62%) with low variation.  Earnings Per Share decreased (-5.77%) with high variation.