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 25.44 (%).Trend:Decrease 68.46% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 20.62 (%).Trend:Decrease 18.95% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 54.29 (%).Trend:Increase 163.29% than previous quarter

Overall: increasing (113.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 110.12 (%).Trend:Decrease 54.25% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 76.99 (%).Trend:Decrease 30.09% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 198.87 (%).Trend:Increase 158.31% than previous quarter

Overall: increasing (80.59%). 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 183.91 (%).Trend:Decrease 50.12% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 117.9 (%).Trend:Decrease 35.89% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 282.19 (%).Trend:Increase 139.35% than previous quarter

Overall: increasing (53.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.73 (%).Trend:Increase 2.37% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.67 (%).Trend:Decrease 3.47% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.19 (%).Trend:Decrease 28.74% than previous quarter

Overall: decreasing (-31.21%). Fluctuation: **Neutral** (moderate 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 40.79 (%).Trend:Increase 4.3% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 40.88 (%).Trend:Increase 0.22% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 41.51 (%).Trend:Increase 1.54% than previous quarter

Overall: increasing (1.77%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency shows significant fluctuations. Liabilities on revenue increased dramatically in Q1 2021, then decreased and increased again, ending with a significant overall increase. Current assets on revenue also displayed substantial fluctuations, increasing in Q1 2021 after a decrease in prior quarters. Cost efficiency shows a significant decline in the SG&A expense ratio, while the ratio of retained earnings to revenue increased significantly in Q1 2021 but decreased and increased again. Investment efficiency shows a slight increase in retained earnings on assets, but the overall trend is minimal fluctuation.