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 31.82 (%).Trend:Decrease 41.04% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 19.08 (%).Trend:Decrease 40.04% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 56.21 (%).Trend:Increase 194.6% than previous quarter

Overall: increasing (76.65%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 113.55 (%).Trend:Decrease 41.57% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 80.76 (%).Trend:Decrease 28.88% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 275.57 (%).Trend:Increase 241.22% than previous quarter

Overall: increasing (142.69%). 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 21.71 (%).Trend:Decrease 21.31% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 22.34 (%).Trend:Increase 2.9% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 94.26 (%).Trend:Increase 321.93% than previous quarter

Overall: increasing (334.18%). 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 11.5 (%).Trend:Increase 47.81% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 16.86 (%).Trend:Increase 46.61% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 23.07 (%).Trend:Increase 36.83% than previous quarter

Overall: increasing (100.61%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency, specifically liabilities and current assets on revenue, shows considerable growth from Q2 2020 to Q1 2021.  Liabilities on revenue initially decreased before significantly increasing in Q1 2021, then decreasing again. Current assets followed a similar pattern, with a marked increase in Q1 2021.  Cost efficiency reveals a substantial increase in the retained earnings to revenue ratio over the period, with sharp fluctuations.  Investment efficiency demonstrates continuous growth in retained earnings on assets, with consistent quarterly increases. This pattern suggests improving profitability and investment performance.