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 108.89 (%).Trend:Decrease 52.99% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 68.7 (%).Trend:Decrease 36.91% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 223.51 (%).Trend:Increase 225.34% than previous quarter

Overall: increasing (105.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 64.2 (%).Trend:Decrease 45.6% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 38.61 (%).Trend:Decrease 39.86% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 143.45 (%).Trend:Increase 271.54% than previous quarter

Overall: increasing (123.44%). 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 327.98 (%).Trend:Decrease 48.03% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 223.56 (%).Trend:Decrease 31.84% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 672.65 (%).Trend:Increase 200.88% than previous quarter

Overall: increasing (105.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.23 (%).Trend:Decrease 6.28% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.72 (%).Trend:Decrease 3.35% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.5 (%).Trend:Increase 12.09% than previous quarter

Overall: increasing (8.34%). 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 64.05 (%).Trend:Increase 1.93% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 64.14 (%).Trend:Increase 0.14% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 62.53 (%).Trend:Decrease 2.51% than previous quarter

Overall: decreasing (-2.37%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.04 (USD).Trend:Decrease 65.33% than previous quarter

Overall: decreasing (-48.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 reveal a complex performance picture with high variation. Working capital efficiency exhibits substantial, but fluctuating, improvement; liabilities and current assets on revenue saw increases and decreases. Cost efficiency, as measured by the ratio of retained earnings to revenue, also experienced marked fluctuation, trending upward. The selling, general, and administrative (SG&A) expense ratio shows a minor upward trend, while investment efficiency demonstrates limited improvement in the retained earnings-to-assets ratio. Earnings per share, however, reveal a substantial and highly variable downward trend.