Working Capital Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Current assets on Revenue

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 138.11 (%).Trend:Decrease 51.24% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 93.88 (%).Trend:Decrease 32.03% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 295.11 (%).Trend:Increase 214.35% than previous quarter

Overall: increasing (113.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.92 (%).Trend:Decrease 6.18% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.15 (%).Trend:Increase 1.28% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.66 (%).Trend:Decrease 2.7% than previous quarter

Overall: decreasing (-1.45%). 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 76.29 (%).Trend:Decrease 1.51% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 75.54 (%).Trend:Decrease 0.98% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 68.73 (%).Trend:Decrease 9.02% than previous quarter

Overall: decreasing (-9.91%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 4.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 6.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 66.67% than previous quarter

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2020 to Q1 2021 indicates mixed performance.  The ratio of retained earnings to revenue increased significantly, with substantial quarterly fluctuations.  Selling, general, and administrative (SG&A) expenses experienced a slight overall decrease, showing little variation.  Investment efficiency, as measured by retained earnings on assets, also exhibited a modest decrease overall, with little fluctuation.  Earnings per share show significant fluctuations, with an overall decrease, despite quarterly increases. Further investigation into the causes of this volatility is warranted.