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 26.15 (%).Trend:Decrease 49.97% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 15.81 (%).Trend:Decrease 39.54% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 50.55 (%).Trend:Increase 219.73% than previous quarter

Overall: increasing (93.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 45.0 (%).Trend:Decrease 61.85% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 30.36 (%).Trend:Decrease 32.53% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 115.89 (%).Trend:Increase 281.72% than previous quarter

Overall: increasing (157.53%). 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 37.44 (%).Trend:Decrease 73.32% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 32.42 (%).Trend:Decrease 13.41% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 145.01 (%).Trend:Increase 347.29% than previous quarter

Overall: increasing (287.31%). 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 44.68 (%).Trend:Decrease 24.62% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 58.82 (%).Trend:Increase 31.65% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 80.83 (%).Trend:Increase 37.42% than previous quarter

Overall: increasing (80.91%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.81 (USD).Trend:Increase 108.05% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.94 (USD).Trend:Increase 62.43% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.59 (USD).Trend:Decrease 45.92% than previous quarter

Overall: decreasing (-12.15%). Fluctuation: **Significant** (high variation).



Analysis of financial data from Q2 2020 to Q1 2021 shows considerable volatility. Liabilities on revenue are increasing, with significant changes over the period, but show a strong upward trend.  Current assets on revenue similarly display significant shifts and increases.  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows substantial fluctuations, sharply rising in Q1 2021. Investment efficiency has a generally increasing trend, but with significant variation.  Earnings per share are also significantly variable, showing a slight decrease overall.  The pattern of volatility suggests a need for further investigation.