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 25.0 (%).Trend:Decrease 47.99% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 18.0 (%).Trend:Decrease 28.0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 44.59 (%).Trend:Increase 147.72% than previous quarter

Overall: increasing (78.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 48.27 (%).Trend:Decrease 46.25% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 34.2 (%).Trend:Decrease 29.15% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 85.55 (%).Trend:Increase 150.15% than previous quarter

Overall: increasing (77.23%). 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 9.02 (%).Trend:Decrease 37.45% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 7.01 (%).Trend:Decrease 22.28% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 17.61 (%).Trend:Increase 151.21% than previous quarter

Overall: increasing (95.23%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.23 (%).Trend:Decrease 6.19% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.3 (%).Trend:Decrease 4.38% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.68 (%).Trend:Decrease 3.05% than previous quarter

Overall: decreasing (-7.3%). 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 8.94 (%).Trend:Increase 23.65% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 10.52 (%).Trend:Increase 17.67% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.84 (%).Trend:Decrease 25.48% than previous quarter

Overall: decreasing (-12.3%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.75 (USD).Trend:Increase 837.5% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.49 (USD).Trend:Increase 98.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.84 (USD).Trend:Decrease 43.62% than previous quarter

Overall: increasing (12.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show significant volatility. Liabilities and current assets on revenue increased sharply in Q1 2021 after fluctuating in the preceding quarters, potentially impacting liquidity.  The ratio of retained earnings to revenue increased in Q1 2021 after substantial decline in the previous quarters, illustrating inconsistent profitability trends.  SG&A expense ratios show consistent decrease suggesting successful cost management. Investment efficiency shows a decrease in retained earnings on assets. Earnings per share displayed a significant increase and decrease in the period, indicating substantial volatility in profitability.