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 95.57 (%).Trend:Decrease 21.42% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 63.61 (%).Trend:Decrease 33.44% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 124.13 (%).Trend:Increase 95.14% than previous quarter

Overall: increasing (29.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 487.63 (%).Trend:Decrease 32.58% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 308.42 (%).Trend:Decrease 36.75% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 715.92 (%).Trend:Increase 132.13% than previous quarter

Overall: increasing (46.82%). 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 160.8 (%).Trend:Decrease 35.54% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 106.9 (%).Trend:Decrease 33.52% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 295.62 (%).Trend:Increase 176.54% than previous quarter

Overall: increasing (83.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.53 (%).Trend:Increase 35.06% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.71 (%).Trend:Decrease 15.22% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.24 (%).Trend:Decrease 22.09% than previous quarter

Overall: decreasing (-33.94%). Fluctuation: **Neutral** (moderate 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 23.58 (%).Trend:Decrease 4.34% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 25.07 (%).Trend:Increase 6.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 30.23 (%).Trend:Increase 20.58% than previous quarter

Overall: increasing (28.2%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.82 (USD).Trend:Increase 2.5% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.67 (USD).Trend:Increase 103.66% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.09 (USD).Trend:Decrease 34.73% than previous quarter

Overall: increasing (32.93%). Fluctuation: **Significant** (high variation).



Analyzing Q2 2020 to Q1 2021, liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all increased significantly, suggesting improved financial performance.  The SG&A expense ratio decreased significantly, showing moderate fluctuation, while retained earnings on assets increased moderately with low variation. Earnings per share also increased significantly, showing high variation.