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 35.16 (%).Trend:Decrease 49.32% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 22.22 (%).Trend:Decrease 36.8% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 68.29 (%).Trend:Increase 207.34% than previous quarter

Overall: increasing (94.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 111.61 (%).Trend:Decrease 40.63% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 69.16 (%).Trend:Decrease 38.03% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 195.25 (%).Trend:Increase 182.32% than previous quarter

Overall: increasing (74.94%). 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 277.99 (%).Trend:Decrease 50.45% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 186.41 (%).Trend:Decrease 32.94% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 562.75 (%).Trend:Increase 201.89% than previous quarter

Overall: increasing (102.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.43 (%).Trend:Decrease 9.42% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.37 (%).Trend:Decrease 3.08% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.36 (%).Trend:Increase 2.97% than previous quarter

Overall: decreasing (-0.2%). 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 76.08 (%).Trend:Decrease 2.71% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 76.25 (%).Trend:Increase 0.22% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 80.45 (%).Trend:Increase 5.51% than previous quarter

Overall: increasing (5.74%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 4.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.34 (USD).Trend:Decrease 66.5% than previous quarter

Overall: decreasing (-33.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show considerable volatility. Working capital efficiency metrics, including liabilities and current assets on revenue, demonstrate increases but with substantial variation. Cost efficiency, as measured by the ratio of retained earnings to revenue, increased significantly, while the SG&A expense ratio remained relatively stable.  Investment efficiency, represented by retained earnings on assets, also increased steadily.  Earnings per share, however, experienced a decrease. The overall picture suggests a period of significant fluctuation in key financial metrics.