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 87.4 (%).Trend:Decrease 49.33% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 53.13 (%).Trend:Decrease 39.21% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 174.44 (%).Trend:Increase 228.33% than previous quarter

Overall: increasing (99.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 53.17 (%).Trend:Decrease 50.06% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 34.18 (%).Trend:Decrease 35.72% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 122.7 (%).Trend:Increase 258.98% than previous quarter

Overall: increasing (130.77%). 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 184.03 (%).Trend:Decrease 51.6% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 121.87 (%).Trend:Decrease 33.78% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 373.8 (%).Trend:Increase 206.72% than previous quarter

Overall: increasing (103.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.55 (%).Trend:Decrease 2.28% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.65 (%).Trend:Increase 0.57% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.87 (%).Trend:Decrease 4.42% than previous quarter

Overall: decreasing (-3.87%). 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 50.91 (%).Trend:Increase 1.39% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 50.78 (%).Trend:Decrease 0.26% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 52.18 (%).Trend:Increase 2.76% than previous quarter

Overall: increasing (2.49%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.82 (USD).Trend:Increase 111.63% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.56 (USD).Trend:Increase 40.66% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.04 (USD).Trend:Decrease 59.38% than previous quarter

Overall: decreasing (-42.86%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 indicate significant fluctuations in key financial metrics.  Working capital efficiency (liabilities and current assets on revenue) is increasing overall, but with major variations. Cost efficiency (retained earnings to revenue) is also experiencing an overall increase, though with notable quarter-to-quarter differences.  Investment efficiency, calculated by retained earnings on assets, shows a consistent increase with little variation. Conversely, earnings per share are declining overall, with considerable fluctuations between quarters.