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 41.25 (%).Trend:Decrease 46.81% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 28.9 (%).Trend:Decrease 29.94% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 82.76 (%).Trend:Increase 186.37% than previous quarter

Overall: increasing (100.63%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 31.32 (%).Trend:Decrease 54.4% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 23.41 (%).Trend:Decrease 25.26% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 55.58 (%).Trend:Increase 137.42% than previous quarter

Overall: increasing (77.46%). 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 110.4 (%).Trend:Decrease 48.11% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 74.57 (%).Trend:Decrease 32.45% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 227.67 (%).Trend:Increase 205.31% than previous quarter

Overall: increasing (106.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.77 (%).Trend:Decrease 0.74% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.49 (%).Trend:Decrease 2.6% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.22 (%).Trend:Decrease 2.57% than previous quarter

Overall: decreasing (-5.11%). 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 24.22 (%).Trend:Increase 2.11% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 24.46 (%).Trend:Increase 0.99% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 25.42 (%).Trend:Increase 3.92% than previous quarter

Overall: increasing (4.95%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.48 (USD).Trend:Increase 92.21% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.29 (USD).Trend:Increase 54.73% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.93 (USD).Trend:Decrease 59.39% than previous quarter

Overall: decreasing (-37.16%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 shows significant fluctuations in working capital efficiency. Liabilities and current assets on revenue both demonstrated substantial increases and decreases. Cost efficiency reveals a downward trend in the ratio of retained earnings to revenue from Q2 to Q3 2020, followed by a substantial increase in Q1 2021.  SG&A expense ratio decreased steadily, showing little fluctuation.  Investment efficiency shows a small overall increase in retained earnings on assets, exhibiting low variation. Earnings per share increased, but decreased sharply in Q1 2021, showcasing significant fluctuations.