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 26.42 (%).Trend:Decrease 49.03% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 18.34 (%).Trend:Decrease 30.58% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 53.86 (%).Trend:Increase 193.68% than previous quarter

Overall: increasing (103.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 37.5 (%).Trend:Decrease 51.31% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 26.2 (%).Trend:Decrease 30.13% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 72.99 (%).Trend:Increase 178.59% than previous quarter

Overall: increasing (94.64%). 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 17.94 (%).Trend:Decrease 46.51% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 12.88 (%).Trend:Decrease 28.21% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 46.88 (%).Trend:Increase 263.98% than previous quarter

Overall: increasing (161.32%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.94 (%).Trend:Decrease 5.7% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.16 (%).Trend:Decrease 2.61% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.92 (%).Trend:Decrease 4.25% than previous quarter

Overall: decreasing (-6.75%). 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 13.52 (%).Trend:Increase 9.83% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 14.5 (%).Trend:Increase 7.25% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 18.12 (%).Trend:Increase 24.97% than previous quarter

Overall: increasing (34.02%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance from Q2 2020 to Q1 2021 displays notable volatility.  Significant increases and decreases are observed in liabilities and current assets as percentages of revenue.  The ratio of retained earnings to revenue shows a significant increase, though with marked fluctuations.  Selling, general, and administrative (SG&A) expense ratios decreased slightly with little variation.  Positive growth in retained earnings on assets shows moderate fluctuation.