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 48.89 (%).Trend:Decrease 60.3% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 34.23 (%).Trend:Decrease 29.99% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 208.53 (%).Trend:Increase 509.2% than previous quarter

Overall: increasing (326.53%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 115.64 (%).Trend:Decrease 55.18% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 77.68 (%).Trend:Decrease 32.83% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 388.29 (%).Trend:Increase 399.86% than previous quarter

Overall: increasing (235.77%). 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 17.44 (%).Trend:Decrease 58.17% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 9.32 (%).Trend:Decrease 46.56% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 45.53 (%).Trend:Increase 388.52% than previous quarter

Overall: increasing (161.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.09 (%).Trend:Decrease 4.97% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.48 (%).Trend:Increase 1.34% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.55 (%).Trend:Increase 20.59% than previous quarter

Overall: increasing (22.21%). 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 7.19 (%).Trend:Decrease 8.87% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.64 (%).Trend:Decrease 21.56% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 6.21 (%).Trend:Increase 10.11% than previous quarter

Overall: decreasing (-13.63%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.57 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.16 (USD).Trend:Increase 103.51% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.21 (USD).Trend:Decrease 81.9% than previous quarter

Overall: decreasing (-63.16%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 demonstrates significant fluctuations.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all show substantial increases.  This suggests potential growth but also significant volatility.  Conversely, retained earnings on assets decreased slightly, and earnings per share declined sharply, indicating inconsistent profitability.  SG&A expenses grew at a moderate rate.