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 163.79 (%).Trend:Decrease 54.42% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 90.03 (%).Trend:Decrease 45.03% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 258.48 (%).Trend:Increase 187.1% than previous quarter

Overall: increasing (57.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 242.32 (%).Trend:Decrease 53.58% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 147.53 (%).Trend:Decrease 39.12% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 443.51 (%).Trend:Increase 200.62% than previous quarter

Overall: increasing (83.03%). 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 71.21 (%).Trend:Decrease 58.34% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 49.79 (%).Trend:Decrease 30.08% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 164.87 (%).Trend:Increase 231.13% than previous quarter

Overall: increasing (131.53%). 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 20.68 (%).Trend:Decrease 2.27% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 23.76 (%).Trend:Increase 14.89% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 25.53 (%).Trend:Increase 7.45% than previous quarter

Overall: increasing (23.45%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.05 (USD).Trend:Increase 156.1% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.49 (USD).Trend:Increase 137.14% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.78 (USD).Trend:Decrease 68.67% than previous quarter

Overall: decreasing (-25.71%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show significant volatility across various financial metrics. Liabilities and current assets on revenue show increasing trends with high variability. Cost efficiency (retained earnings/revenue) shows a positive overall trend with large quarterly fluctuations. Investment efficiency (retained earnings on assets) shows a positive, stable trend, contrasting with the significant drops and rises in earnings per share. Overall, the high volatility suggests a dynamic financial environment.