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 38.86 (%).Trend:Decrease 42.74% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.89 (%).Trend:Decrease 33.38% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 73.85 (%).Trend:Increase 185.25% than previous quarter

Overall: increasing (90.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 212.75 (%).Trend:Decrease 49.96% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 133.98 (%).Trend:Decrease 37.02% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 362.51 (%).Trend:Increase 170.57% than previous quarter

Overall: increasing (70.39%). 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 70.42 (%).Trend:Decrease 51.65% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 45.74 (%).Trend:Decrease 35.05% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 123.87 (%).Trend:Increase 170.81% than previous quarter

Overall: increasing (75.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.75 (%).Trend:Increase 6.96% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.06 (%).Trend:Decrease 8.14% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.22 (%).Trend:Increase 6.09% than previous quarter

Overall: decreasing (-2.55%). 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 23.14 (%).Trend:Decrease 3.46% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 24.08 (%).Trend:Increase 4.06% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 24.09 (%).Trend:Increase 0.04% than previous quarter

Overall: increasing (4.11%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.48 (USD).Trend:Increase 85.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.72 (USD).Trend:Increase 83.78% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 63.24% than previous quarter

Overall: decreasing (-32.43%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show a varied performance. Working capital efficiency shows increasing liabilities and current assets on revenue. Cost efficiency displays a substantial decrease in the retained earnings to revenue ratio. The Selling, General & Administrative (SG&A) Expense Ratio exhibited little fluctuation, and investment efficiency remained stable. Earnings per share, however, experienced a significant decrease.