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 42.87 (%).Trend:Decrease 47.14% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.43 (%).Trend:Decrease 40.68% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 82.95 (%).Trend:Increase 226.19% than previous quarter

Overall: increasing (93.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 69.52 (%).Trend:Decrease 50.64% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 42.11 (%).Trend:Decrease 39.43% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 133.07 (%).Trend:Increase 216.01% than previous quarter

Overall: increasing (91.41%). 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 154.75 (%).Trend:Decrease 53.58% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 97.42 (%).Trend:Decrease 37.05% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 276.04 (%).Trend:Increase 183.35% than previous quarter

Overall: increasing (78.38%). 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 97.48 (%).Trend:Decrease 1.42% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 98.33 (%).Trend:Increase 0.87% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 95.84 (%).Trend:Decrease 2.53% than previous quarter

Overall: decreasing (-1.68%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.94 (USD).Trend:Decrease 53.0% than previous quarter

Overall: decreasing (-6.0%). Fluctuation: **Significant** (high variation).



Financial data from Q2 2020 to Q1 2021 show significant fluctuations.  Working capital efficiency, as measured by liabilities and current assets on revenue, is increasing.  Cost efficiency, determined by the retained earnings-to-revenue ratio, is also showing an upward trend with considerable fluctuations.  However, the retained earnings-on-assets ratio displays a downward trend, though with minimal variability. Earnings per share show an increase overall but a substantial decrease in Q1 2021 from Q4 2020.