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).



Working capital efficiency in Q2 2020-Q1 2021 shows significant variation. Liabilities on revenue increased by 78.36%, while current assets on revenue increased by 77.23%. Cost efficiency shows a mixed picture; the ratio of retained earnings to revenue increased by 95.23%, while the SG&A expense ratio decreased by 7.3%. Investment efficiency displays a decrease of -12.3% in retained earnings on assets. Earning per share increased by 12.0%, exhibiting significant fluctuation.  These results point to a dynamic financial situation with strong variations in revenue, cost, and investment management.