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 28.48 (%).Trend:Decrease 52.35% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21.43 (%).Trend:Decrease 24.75% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 59.4 (%).Trend:Increase 177.18% than previous quarter

Overall: increasing (108.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 124.51 (%).Trend:Decrease 46.21% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 90.51 (%).Trend:Decrease 27.31% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 256.76 (%).Trend:Increase 183.68% than previous quarter

Overall: increasing (106.22%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.64 (%).Trend:Decrease 2.97% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.38 (%).Trend:Decrease 1.39% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.47 (%).Trend:Decrease 4.95% than previous quarter

Overall: decreasing (-6.28%). 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
Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.74 (USD).Trend:Increase 76.77% than previous quarter
Year 2020 Quarter 3: Earning Per Share 4.34 (USD).Trend:Increase 58.39% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.94 (USD).Trend:Decrease 55.3% than previous quarter

Overall: decreasing (-29.2%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show substantial fluctuations in working capital and investment efficiency. Liabilities and current assets on revenue show increases (108.57% and 106.22%, respectively), but with significant quarter-to-quarter variability. Cost efficiency demonstrates a small decrease in SG&A expenses (-6.28%), with low variation. Investment efficiency shows a decrease in earnings per share (-29.2%) despite considerable quarterly differences.