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 50.43 (%).Trend:Decrease 53.04% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 31.41 (%).Trend:Decrease 37.72% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 93.88 (%).Trend:Increase 198.89% than previous quarter

Overall: increasing (86.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 81.0 (%).Trend:Decrease 49.07% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 54.54 (%).Trend:Decrease 32.67% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 166.87 (%).Trend:Increase 205.96% than previous quarter

Overall: increasing (106.01%). 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 53.72 (%).Trend:Decrease 50.75% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 38.67 (%).Trend:Decrease 28.02% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 126.5 (%).Trend:Increase 227.13% than previous quarter

Overall: increasing (135.48%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.27 (%).Trend:Decrease 13.21% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.93 (%).Trend:Decrease 1.53% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.88 (%).Trend:Decrease 9.35% than previous quarter

Overall: decreasing (-10.73%). 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 32.42 (%).Trend:Decrease 3.51% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 34.88 (%).Trend:Increase 7.59% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 38.41 (%).Trend:Increase 10.12% than previous quarter

Overall: increasing (18.48%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.03 (USD).Trend:Decrease 48.5% than previous quarter

Overall: increasing (3.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2020 to Q1 2021 indicates significant fluctuations in several key metrics. Working capital efficiency shows increasing liabilities and current assets on revenue. Cost efficiency, as measured by retained earnings to revenue, is increasing substantially, although fluctuating. The SG&A expense ratio is decreasing. Investment efficiency shows small, stable increases.  Earnings per share experience fluctuation, with a notable increase in Q3 2020 and a decrease in Q1 2021.