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 57.13 (%).Trend:Decrease 45.92% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 39.12 (%).Trend:Decrease 31.52% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 106.35 (%).Trend:Increase 171.86% than previous quarter

Overall: increasing (86.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 67.48 (%).Trend:Decrease 40.79% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 43.36 (%).Trend:Decrease 35.74% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 111.88 (%).Trend:Increase 158.03% than previous quarter

Overall: increasing (65.8%). 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 23.73 (%).Trend:Decrease 46.96% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 17.4 (%).Trend:Decrease 26.68% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 55.9 (%).Trend:Increase 221.26% than previous quarter

Overall: increasing (135.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 15.1 (%).Trend:Decrease 1.05% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 16.06 (%).Trend:Increase 6.36% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 18.78 (%).Trend:Increase 16.94% than previous quarter

Overall: increasing (24.37%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 15.0 (USD).Trend:Increase 200.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 28.0 (USD).Trend:Increase 86.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 16.09 (USD).Trend:Decrease 42.54% than previous quarter

Overall: increasing (7.27%). Fluctuation: **Significant** (high variation).



Between Q2 2020 and Q1 2021, liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all increased significantly, exhibiting substantial fluctuation. Retained earnings on assets also increased, but with moderate variation.  Earnings per share showed a smaller increase with significant fluctuation. SG&A expense ratio data is missing.