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 17.09 (%).Trend:Decrease 53.8% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 13.97 (%).Trend:Decrease 18.26% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 47.69 (%).Trend:Increase 241.37% than previous quarter

Overall: increasing (179.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 85.6 (%).Trend:Decrease 35.8% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 70.37 (%).Trend:Decrease 17.79% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 181.93 (%).Trend:Increase 158.53% than previous quarter

Overall: increasing (112.54%). 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 28.4 (%).Trend:Decrease 30.63% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 26.07 (%).Trend:Decrease 8.2% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 88.57 (%).Trend:Increase 239.74% than previous quarter

Overall: increasing (211.87%). 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 17.59 (%).Trend:Increase 10.77% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 22.64 (%).Trend:Increase 28.71% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 21.1 (%).Trend:Decrease 6.8% than previous quarter

Overall: increasing (19.95%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.18 (USD).Trend:Increase 63.64% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.46 (USD).Trend:Increase 155.56% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.19 (USD).Trend:Decrease 58.7% than previous quarter

Overall: increasing (5.56%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased substantially (179.05%) with large quarter-to-quarter variations.  Current assets on revenue also increased (112.54%), exhibiting similarly significant fluctuations.  Retained earnings to revenue ratio increased dramatically (211.87%) with high variation. Investment efficiency, as measured by retained earnings on assets, shows a moderate increase (19.95%) and less volatile trend. Earnings per share show a less consistent pattern, with an overall increase (5.56%) but significant quarter-to-quarter changes.