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 59.25 (%).Trend:Decrease 49.48% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 43.55 (%).Trend:Decrease 26.5% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 133.35 (%).Trend:Increase 206.2% than previous quarter

Overall: increasing (125.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 142.07 (%).Trend:Decrease 41.76% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 71.7 (%).Trend:Decrease 49.53% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 243.47 (%).Trend:Increase 239.57% than previous quarter

Overall: increasing (71.37%). 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 271.45 (%).Trend:Decrease 41.16% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 175.41 (%).Trend:Decrease 35.38% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 572.57 (%).Trend:Increase 226.42% than previous quarter

Overall: increasing (110.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.76 (%).Trend:Increase 26.59% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.98 (%).Trend:Increase 7.28% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.55 (%).Trend:Decrease 7.95% than previous quarter

Overall: decreasing (-1.25%). 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
Year 2020 Quarter 2: Retained Earning on Assets 59.44 (%).Trend:Increase 0.8% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 64.75 (%).Trend:Increase 8.93% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 66.08 (%).Trend:Increase 2.05% than previous quarter

Overall: increasing (11.17%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.96 (USD).Trend:Decrease 4.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.22 (USD).Trend:Increase 27.08% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.4 (USD).Trend:Decrease 67.21% than previous quarter

Overall: decreasing (-58.33%). Fluctuation: **Significant** (high variation).



Analyzing Q2 2020 to Q1 2021 reveals significant increases in liabilities on revenue (125.06%), current assets on revenue (71.37%), and ratio of retained earnings to revenue (110.93%).  However, earnings per share decreased significantly (-58.33%).  The SG&A expense ratio showed a small decrease. Retained earnings on assets increased slightly.