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 52.11 (%).Trend:Decrease 13.83% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 38.04 (%).Trend:Decrease 27.0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 131.28 (%).Trend:Increase 245.11% than previous quarter

Overall: increasing (151.93%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 54.93 (%).Trend:Decrease 50.3% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 37.79 (%).Trend:Decrease 31.2% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 114.39 (%).Trend:Increase 202.7% than previous quarter

Overall: increasing (108.25%). 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 52.56 (%).Trend:Decrease 48.18% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 36.66 (%).Trend:Decrease 30.25% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 132.21 (%).Trend:Increase 260.64% than previous quarter

Overall: increasing (151.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.36 (%).Trend:Increase 0.37% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.12 (%).Trend:Decrease 1.47% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.6 (%).Trend:Increase 15.38% than previous quarter

Overall: increasing (13.69%). Fluctuation: **Little** (low 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 32.88 (%).Trend:Increase 3.3% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 33.49 (%).Trend:Increase 1.86% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 35.67 (%).Trend:Increase 6.51% than previous quarter

Overall: increasing (8.49%). Fluctuation: **Little** (low variation).

Earning Per Share


Response 1 to Response 4 detail financial data from 2020 Q2 to 2023 Q2 across various financial measures.  Working capital efficiency shows significant fluctuation, with liabilities on revenue and current assets on revenue showing both increases and decreases.  Cost efficiency shows a small decrease in SG&A expenses, and a large increase in retained earnings-to-revenue ratio,  while investment efficiency shows consistent slight growth in retained earnings on assets. The findings indicate overall growth but with substantial volatility in some areas, particularly in working capital and cost metrics.