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 66.85 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 53.13 (%).Trend:Decrease 20.52% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 95.39 (%).Trend:Increase 79.54% than previous quarter

Overall: increasing (42.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 70.3 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 55.66 (%).Trend:Decrease 20.83% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 129.79 (%).Trend:Increase 133.18% than previous quarter

Overall: increasing (84.62%). 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 21.05 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 13.29 (%).Trend:Decrease 36.86% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 31.96 (%).Trend:Increase 140.48% than previous quarter

Overall: increasing (51.83%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 37.43 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 36.9 (%).Trend:Decrease 1.42% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29.0 (%).Trend:Decrease 21.41% than previous quarter

Overall: decreasing (-22.52%). Fluctuation: **Neutral** (moderate 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 17.4 (%).Trend:Decrease 18.08% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 15.16 (%).Trend:Decrease 12.87% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 15.92 (%).Trend:Increase 5.01% than previous quarter

Overall: decreasing (-8.51%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -4.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -4.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.0 (USD).Trend:Decrease 75.0% than previous quarter

Overall: increasing (-75.0%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2020 to Q1 2021 reveals significant increases in liabilities on revenue (42.69%), current assets on revenue (84.62%), and ratio of retained earnings to revenue (51.83%).  The SG&A expense ratio decreased moderately (-22.52%). Retained earnings on assets showed a slight decrease (-8.51%) with minimal fluctuation, while earnings per share saw significant growth (-75%).