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 31.82 (%).Trend:Decrease 51.03% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 22.09 (%).Trend:Decrease 30.58% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 61.83 (%).Trend:Increase 179.9% than previous quarter

Overall: increasing (94.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 24.32 (%).Trend:Decrease 51.57% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 17.9 (%).Trend:Decrease 26.4% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 47.38 (%).Trend:Increase 164.69% than previous quarter

Overall: increasing (94.82%). 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 31.08 (%).Trend:Decrease 49.9% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 21.26 (%).Trend:Decrease 31.6% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 60.7 (%).Trend:Increase 185.51% than previous quarter

Overall: increasing (95.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.93 (%).Trend:Decrease 0.81% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.14 (%).Trend:Increase 1.0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.48 (%).Trend:Decrease 3.12% than previous quarter

Overall: decreasing (-2.15%). 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 33.4 (%).Trend:Increase 2.71% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 33.63 (%).Trend:Increase 0.69% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 34.84 (%).Trend:Increase 3.6% than previous quarter

Overall: increasing (4.31%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 66.67% than previous quarter

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 reveal a pattern of high volatility. Liabilities and current assets on revenue increased, but with large swings.  The ratio of retained earnings to revenue also increased significantly, but with volatility. Invest efficiency shows consistent increases with little variation.  Earnings per share experienced a notable decline, although with considerable fluctuations.