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 60.03 (%).Trend:Decrease 43.11% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 31.56 (%).Trend:Decrease 47.43% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 102.65 (%).Trend:Increase 225.25% than previous quarter

Overall: increasing (71.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 62.42 (%).Trend:Decrease 49.35% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 40.68 (%).Trend:Decrease 34.83% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 177.34 (%).Trend:Increase 335.94% than previous quarter

Overall: increasing (184.11%). 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 46.19 (%).Trend:Decrease 49.11% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 31.72 (%).Trend:Decrease 31.33% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 132.63 (%).Trend:Increase 318.13% than previous quarter

Overall: increasing (187.14%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.72 (%).Trend:Increase 6.0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.94 (%).Trend:Increase 1.73% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.85 (%).Trend:Decrease 0.7% than previous quarter

Overall: increasing (1.02%). 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 30.39 (%).Trend:Increase 1.37% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 31.04 (%).Trend:Increase 2.14% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 30.41 (%).Trend:Decrease 2.03% than previous quarter

Overall: increasing (0.07%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.07 (USD).Trend:Decrease 56.25% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.09 (USD).Trend:Increase 28.57% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.17 (USD).Trend:Decrease 288.89% than previous quarter

Overall: decreasing (-342.86%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2020 to Q1 2021 shows significant variation in working capital efficiency, with liabilities on revenue initially declining, then rising, and current assets showing a similar pattern.  Cost efficiency indicates a significant increase in the ratio of retained earnings to revenue, but SG&A expenses show a slight overall increase.  Investment efficiency shows little fluctuation, with retained earnings on assets trending slightly upward, while earnings per share show a dramatic decline.