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 37.31 (%).Trend:Decrease 49.22% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.68 (%).Trend:Decrease 20.45% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 76.86 (%).Trend:Increase 158.96% than previous quarter

Overall: increasing (106.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 41.38 (%).Trend:Decrease 44.46% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 31.14 (%).Trend:Decrease 24.75% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 82.37 (%).Trend:Increase 164.52% than previous quarter

Overall: increasing (99.06%). 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 16.72 (%).Trend:Decrease 43.21% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 11.94 (%).Trend:Decrease 28.59% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 38.73 (%).Trend:Increase 224.37% than previous quarter

Overall: increasing (131.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.0 (%).Trend:Decrease 3.38% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.19 (%).Trend:Increase 0.95% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.63 (%).Trend:Decrease 7.73% than previous quarter

Overall: decreasing (-6.85%). 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 14.84 (%).Trend:Increase 15.13% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 15.37 (%).Trend:Increase 3.57% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 18.57 (%).Trend:Increase 20.82% than previous quarter

Overall: increasing (25.13%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 4.2 (USD).Trend:Decrease 16.0% than previous quarter

Overall: increasing (40.0%). Fluctuation: **Neutral** (moderate variation).



Financial statements from Q2 2020 to Q1 2021 display considerable fluctuation.  Working capital metrics (liabilities and current assets on revenue) exhibit increases with high volatility. Cost efficiency shows a significant increase in the ratio of retained earnings to revenue, contrasting with a slightly decreasing SG&A expense ratio. Invest efficiency trended upward, with fluctuating retained earnings on assets. Earnings per share rose overall, yet demonstrated neutral volatility.