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 52.46 (%).Trend:Decrease 42.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 36.36 (%).Trend:Decrease 30.69% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 86.0 (%).Trend:Increase 136.52% than previous quarter

Overall: increasing (63.93%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 81.59 (%).Trend:Decrease 52.39% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 57.22 (%).Trend:Decrease 29.87% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 135.7 (%).Trend:Increase 137.15% than previous quarter

Overall: increasing (66.32%). 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 45.52 (%).Trend:Decrease 41.4% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 31.25 (%).Trend:Decrease 31.35% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 84.95 (%).Trend:Increase 171.84% than previous quarter

Overall: increasing (86.62%). 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 18.31 (%).Trend:Increase 11.85% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.59 (%).Trend:Increase 6.99% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 22.42 (%).Trend:Increase 14.45% than previous quarter

Overall: increasing (22.45%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.68 (USD).Trend:Increase 88.89% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.35 (USD).Trend:Increase 98.53% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.73 (USD).Trend:Decrease 45.93% than previous quarter

Overall: increasing (7.35%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 indicate substantial increases in working capital efficiency (liabilities and current assets on revenue) and cost efficiency (retained earnings to revenue).  Earnings per share saw a significant increase overall, although with a decrease in Q1 2021. Investment efficiency (retained earnings on assets) showed a consistent, moderate increase over the reporting period.