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 27.18 (%).Trend:Decrease 47.52% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 18.53 (%).Trend:Decrease 31.82% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 58.51 (%).Trend:Increase 215.76% than previous quarter

Overall: increasing (115.27%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 99.33 (%).Trend:Decrease 43.88% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 59.94 (%).Trend:Decrease 39.66% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 163.46 (%).Trend:Increase 172.71% than previous quarter

Overall: increasing (64.56%). 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 104.51 (%).Trend:Decrease 44.37% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 67.66 (%).Trend:Decrease 35.26% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 175.6 (%).Trend:Increase 159.53% than previous quarter

Overall: increasing (68.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.64 (%).Trend:Increase 1.89% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.25 (%).Trend:Decrease 2.49% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.34 (%).Trend:Decrease 5.97% than previous quarter

Overall: decreasing (-8.31%). 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 43.97 (%).Trend:Increase 0.3% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 44.89 (%).Trend:Increase 2.09% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 45.6 (%).Trend:Increase 1.58% than previous quarter

Overall: increasing (3.71%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency reveals significant fluctuations. Liabilities on revenue show an upward trend in Q1 2021 after substantial decreases in prior quarters, while current assets on revenue increase substantially in Q1 2021. Cost efficiency also displays significant variation in the ratio of retained earnings to revenue, showing a trend of improvement, contrasted by a decreasing SG&A expense ratio with limited variation. Investment efficiency exhibits a positive trend in retained earning on assets with little fluctuation.