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 23.78 (%).Trend:Decrease 52.42% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 16.27 (%).Trend:Decrease 31.58% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 49.64 (%).Trend:Increase 205.1% than previous quarter

Overall: increasing (108.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 84.24 (%).Trend:Decrease 48.56% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 48.25 (%).Trend:Decrease 42.72% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 127.56 (%).Trend:Increase 164.37% than previous quarter

Overall: increasing (51.42%). 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 146.21 (%).Trend:Decrease 48.38% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 98.17 (%).Trend:Decrease 32.86% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 290.14 (%).Trend:Increase 195.55% than previous quarter

Overall: increasing (98.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.37 (%).Trend:Decrease 5.27% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.86 (%).Trend:Decrease 8.26% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.83 (%).Trend:Decrease 14.47% than previous quarter

Overall: decreasing (-21.53%). 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 118.65 (%).Trend:Increase 0.19% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 132.07 (%).Trend:Increase 11.31% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 141.29 (%).Trend:Increase 6.98% than previous quarter

Overall: increasing (19.08%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter
Year 2020 Quarter 3: Earning Per Share 9.0 (USD).Trend:Increase 80.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 4.51 (USD).Trend:Decrease 49.89% than previous quarter

Overall: decreasing (-9.8%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show a mix of performance.  Working capital efficiency demonstrates increases and decreases in liabilities and current assets on revenue.  Cost efficiency, shown through the ratio of retained earnings to revenue, indicates a substantial overall increase but with significant fluctuations.  SG&A expense ratio shows a decline. Investment efficiency demonstrates a minor increase. Earnings per share saw a complex pattern, declining in Q1 2021 after increases in previous quarters.