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 52.46 (%).Trend:Decrease 42.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 36.36 (%).Trend:Decrease 30.69% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 86.0 (%).Trend:Increase 136.52% than previous quarter

Overall: increasing (63.93%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 81.59 (%).Trend:Decrease 52.39% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 57.22 (%).Trend:Decrease 29.87% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 135.7 (%).Trend:Increase 137.15% than previous quarter

Overall: increasing (66.32%). 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 45.52 (%).Trend:Decrease 41.4% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 31.25 (%).Trend:Decrease 31.35% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 84.95 (%).Trend:Increase 171.84% than previous quarter

Overall: increasing (86.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 18.31 (%).Trend:Increase 11.85% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.59 (%).Trend:Increase 6.99% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 22.42 (%).Trend:Increase 14.45% than previous quarter

Overall: increasing (22.45%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.68 (USD).Trend:Increase 88.89% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.35 (USD).Trend:Increase 98.53% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.73 (USD).Trend:Decrease 45.93% than previous quarter

Overall: increasing (7.35%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 reveals significant fluctuations. Liabilities and current assets on revenue increased overall, but showed significant quarter-to-quarter variations.  The ratio of retained earnings to revenue also demonstrated an overall increase despite large quarter-over-quarter fluctuations. Investment efficiency showed a slight uptrend, with limited quarter-to-quarter variation. Earnings per share showed an overall increase with considerable variations throughout the period.  The data suggests high instability in financial performance.