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 64.01 (%).Trend:Decrease 42.47% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 45.43 (%).Trend:Decrease 29.03% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 118.91 (%).Trend:Increase 161.74% than previous quarter

Overall: increasing (85.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 95.75 (%).Trend:Decrease 46.14% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 66.76 (%).Trend:Decrease 30.28% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 138.29 (%).Trend:Increase 107.14% than previous quarter

Overall: increasing (44.43%). 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 22.1 (%).Trend:Decrease 53.86% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 11.5 (%).Trend:Decrease 47.96% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 12.83 (%).Trend:Increase 11.57% than previous quarter

Overall: decreasing (-41.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.76 (%).Trend:Increase 19.43% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.14 (%).Trend:Increase 5.62% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.05 (%).Trend:Decrease 29.27% than previous quarter

Overall: decreasing (-25.3%). 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 10.36 (%).Trend:Decrease 19.75% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 7.61 (%).Trend:Decrease 26.54% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 4.04 (%).Trend:Decrease 46.91% than previous quarter

Overall: decreasing (-61.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 7.63 (USD).Trend:Increase 51.39% than previous quarter
Year 2020 Quarter 3: Earning Per Share 10.25 (USD).Trend:Increase 34.34% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.7 (USD).Trend:Decrease 83.41% than previous quarter

Overall: decreasing (-77.72%). Fluctuation: **Significant** (high variation).



Significant fluctuations characterize the financial data from Q2 2020 to Q1 2021.  Liabilities on revenue and current assets on revenue increased substantially, while retained earnings on revenue decreased considerably.  The SG&A expense ratio showed a moderate decrease.  Retained earnings on assets and earnings per share experienced sharp declines.