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 183.25 (%).Trend:Decrease 41.49% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 108.08 (%).Trend:Decrease 41.02% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 262.58 (%).Trend:Increase 142.95% than previous quarter

Overall: increasing (43.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 205.81 (%).Trend:Decrease 38.59% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 119.57 (%).Trend:Decrease 41.9% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 282.42 (%).Trend:Increase 136.2% than previous quarter

Overall: increasing (37.22%). 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 59.05 (%).Trend:Decrease 33.5% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 39.06 (%).Trend:Decrease 33.85% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 120.37 (%).Trend:Increase 208.17% than previous quarter

Overall: increasing (103.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.72 (%).Trend:Increase 14.2% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.58 (%).Trend:Decrease 14.77% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.2 (%).Trend:Decrease 5.78% than previous quarter

Overall: decreasing (-19.69%). 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 10.57 (%).Trend:Increase 0.67% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 12.16 (%).Trend:Increase 15.04% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 14.68 (%).Trend:Increase 20.72% than previous quarter

Overall: increasing (38.88%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.39 (USD).Trend:Decrease 329.41% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.41 (USD).Trend:Decrease 717.95% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.06 (USD).Trend:Decrease 14.52% than previous quarter

Overall: increasing (-628.21%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 show considerable variation. Liabilities on revenue rose from Q2 to Q1 2021. Current assets on revenue followed a similar pattern of initial decrease then significant increase by Q1 2021. The ratio of retained earnings to revenue increased substantially in Q1 2021, after a period of decline.  Selling, general, and administrative (SG&A) expense ratio declined overall, with a neutral fluctuation pattern.  Retained earnings on assets increased steadily and showed moderate fluctuation. Earnings per share, however, exhibited significant fluctuations, including drastic declines, and ended with a modest increase in Q1 2021.