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 131.51 (%).Trend:Decrease 41.74% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21.28 (%).Trend:Decrease 83.82% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 38.93 (%).Trend:Increase 82.94% than previous quarter

Overall: decreasing (-70.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 42.04 (%).Trend:Decrease 34.4% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 33.28 (%).Trend:Decrease 20.84% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 67.46 (%).Trend:Increase 102.7% than previous quarter

Overall: increasing (60.47%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.98 (%).Trend:Increase 13.69% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.23 (%).Trend:Increase 4.18% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.28 (%).Trend:Decrease 15.25% than previous quarter

Overall: decreasing (-11.71%). 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
Earning Per Share


Working capital efficiency shows significant fluctuations. Liabilities on revenue decreased substantially in Q2 2020 and Q3 2020, but increased in Q1 2021. Current assets on revenue, conversely, increased in Q1 2021 with a large increase compared to Q3 2020. Cost efficiency shows a slight decrease in SG&A expense ratio, with little fluctuation. Overall, the financial performance is characterized by significant variation, especially in working capital efficiency, indicating potential instability.  Further analysis is needed to understand the underlying drivers.