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 58.14 (%).Trend:Decrease 50.66% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 47.88 (%).Trend:Decrease 17.65% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 133.18 (%).Trend:Increase 178.15% than previous quarter

Overall: increasing (129.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 97.99 (%).Trend:Decrease 45.65% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 77.82 (%).Trend:Decrease 20.58% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 246.91 (%).Trend:Increase 217.28% than previous quarter

Overall: increasing (151.97%). 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 126.48 (%).Trend:Decrease 52.6% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 89.3 (%).Trend:Decrease 29.4% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 294.22 (%).Trend:Increase 229.47% than previous quarter

Overall: increasing (132.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 55.44 (%).Trend:Decrease 1.18% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 56.92 (%).Trend:Increase 2.67% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 56.88 (%).Trend:Decrease 0.07% than previous quarter

Overall: increasing (2.6%). 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 60.07 (%).Trend:Decrease 10.81% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 57.7 (%).Trend:Decrease 3.95% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 58.54 (%).Trend:Increase 1.46% than previous quarter

Overall: decreasing (-2.55%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 3.19 (USD).Trend:Increase 93.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.18 (USD).Trend:Decrease 0.31% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.44 (USD).Trend:Decrease 54.72% than previous quarter

Overall: decreasing (-54.86%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show considerable volatility. Working capital efficiency, measured by liabilities and current assets on revenue, increased substantially but with substantial fluctuations. Cost efficiency, with the ratio of retained earnings to revenue, also experienced a considerable rise and fall, indicating considerable instability.  SG&A expenses showed a slight upward trend overall. Investment efficiency, as measured by retained earnings on assets, slightly decreased but with minimal fluctuations. Earnings per share, however, decreased significantly, indicating a possible downward trend.