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 48.88 (%).Trend:Increase 19.51% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 30.08 (%).Trend:Decrease 38.46% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 41.6 (%).Trend:Increase 38.3% than previous quarter

Overall: decreasing (-14.89%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 119.48 (%).Trend:Decrease 30.64% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 60.3 (%).Trend:Decrease 49.53% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 139.61 (%).Trend:Increase 131.53% than previous quarter

Overall: increasing (16.85%). 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 107.17 (%).Trend:Decrease 49.04% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 70.88 (%).Trend:Decrease 33.86% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 182.14 (%).Trend:Increase 156.97% than previous quarter

Overall: increasing (69.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.58 (%).Trend:Increase 4.7% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.87 (%).Trend:Increase 2.5% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.38 (%).Trend:Decrease 12.55% than previous quarter

Overall: decreasing (-10.36%). 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 56.55 (%).Trend:Decrease 18.14% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 54.66 (%).Trend:Decrease 3.34% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 58.77 (%).Trend:Increase 7.52% than previous quarter

Overall: increasing (3.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.18 (USD).Trend:Decrease 220.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.5 (USD).Trend:Increase 177.78% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.82 (USD).Trend:Increase 64.0% than previous quarter

Overall: increasing (355.56%). Fluctuation: **Significant** (high variation).



Financial data from Q2 2020 to Q1 2021 reveal mixed trends.  Working capital efficiency shows fluctuating liabilities and current assets, suggesting inconsistency in short-term management.  Cost efficiency shows a significant increase in the retained earnings-to-revenue ratio, albeit with considerable fluctuations.  SG&A expense ratios showed a slight decrease.  Investment efficiency demonstrated stable retained earnings on assets, although with small increases and decreases. Earnings per share increased significantly, but with high variability between quarters.  Analyzing underlying causes for these fluctuations is critical.