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 21.08 (%).Trend:Decrease 22.64% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 13.41 (%).Trend:Decrease 36.39% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 28.68 (%).Trend:Increase 113.87% than previous quarter

Overall: increasing (36.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 109.91 (%).Trend:Decrease 51.14% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 68.37 (%).Trend:Decrease 37.79% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 192.72 (%).Trend:Increase 181.88% than previous quarter

Overall: increasing (75.34%). 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 47.93 (%).Trend:Decrease 49.31% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 33.55 (%).Trend:Decrease 30.0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 104.37 (%).Trend:Increase 211.09% than previous quarter

Overall: increasing (117.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 37.09 (%).Trend:Decrease 1.9% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.4 (%).Trend:Decrease 9.95% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.26 (%).Trend:Decrease 15.39% than previous quarter

Overall: decreasing (-23.81%). 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 21.87 (%).Trend:Decrease 0.73% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 24.28 (%).Trend:Increase 11.02% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 29.4 (%).Trend:Increase 21.09% than previous quarter

Overall: increasing (34.43%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.09 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.31 (USD).Trend:Increase 244.44% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 25.81% than previous quarter

Overall: increasing (155.56%). Fluctuation: **Significant** (high variation).



Q2 2020 to Q1 2021 financial data reveals a complex picture with substantial quarter-to-quarter fluctuations.  Working capital efficiency shows increases with large variation, while cost efficiency reveals an increase in the ratio of retained earnings to revenue.  SG&A expenses are steadily decreasing.  Investment efficiency shows an upward trend. Earnings per share are increasing though fluctuate notably. This mix of trends demands a deeper understanding of the underlying factors to forecast future performance.