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 47.08 (%).Trend:Decrease 48.96% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 31.83 (%).Trend:Decrease 32.39% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 89.01 (%).Trend:Increase 179.64% than previous quarter

Overall: increasing (89.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 69.8 (%).Trend:Decrease 59.2% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 44.02 (%).Trend:Decrease 36.93% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 135.37 (%).Trend:Increase 207.52% than previous quarter

Overall: increasing (93.94%). 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 24.24 (%).Trend:Decrease 45.53% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 17.88 (%).Trend:Decrease 26.24% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 62.78 (%).Trend:Increase 251.12% than previous quarter

Overall: increasing (158.99%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.1 (%).Trend:Decrease 11.23% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.78 (%).Trend:Decrease 7.97% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.71 (%).Trend:Decrease 4.0% than previous quarter

Overall: decreasing (-11.65%). 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 16.36 (%).Trend:Increase 22.46% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.22 (%).Trend:Increase 17.48% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 23.92 (%).Trend:Increase 24.45% than previous quarter

Overall: increasing (46.21%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Analysis from Q2 2020 to Q1 2021 indicates substantial increases in liabilities on revenue (89.06%), current assets on revenue (93.94%), and ratio of retained earnings to revenue (158.99%).  These metrics show significant fluctuation.  Conversely, the SG&A expense ratio decreased (-11.65%) with little fluctuation. Retained earnings on assets increased moderately (46.21%).  Earning per share data is absent.