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 96.35 (%).Trend:Decrease 82.08% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 32.31 (%).Trend:Decrease 66.47% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 108.66 (%).Trend:Increase 236.3% than previous quarter

Overall: increasing (12.78%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 112.32 (%).Trend:Decrease 81.96% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 43.98 (%).Trend:Decrease 60.84% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 118.58 (%).Trend:Increase 169.62% than previous quarter

Overall: increasing (5.57%). 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 0.32 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 2.05 (%).Trend:Increase 540.62% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 11.47 (%).Trend:Increase 459.51% than previous quarter

Overall: increasing (3484.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.63 (%).Trend:Decrease 65.53% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.8 (%).Trend:Decrease 21.72% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.28 (%).Trend:Increase 17.97% than previous quarter

Overall: decreasing (-7.66%). 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 0.19 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 2.94 (%).Trend:Increase 1447.37% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 4.44 (%).Trend:Increase 51.02% than previous quarter

Overall: increasing (2236.84%). Fluctuation: **Significant** (high variation).

Earning Per Share


The financial statements from two distinct periods reveal contrasting trends. The first set, covering Q1 2023 to Q3 2023, shows overall decreasing liabilities on revenue and increasing current assets on revenue, with little fluctuation. Cost efficiency, however, exhibits a large increase in the ratio of retained earnings to revenue and a significant increase in SG&A expense ratios, indicating potential issues in controlling overhead expenses.  Investment efficiency also shows a significant increase in retained earnings on assets.  The second set of statements, Q2 2020 to Q1 2021, shows similar trends with significant variations across quarters.  Increased retained earnings on assets, along with a significant increase in retained earnings to revenue, highlight substantial growth potential but necessitate a closer look at the volatility of certain indicators.