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 35.11 (%).Trend:Decrease 47.5% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.71 (%).Trend:Decrease 29.62% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 71.09 (%).Trend:Increase 187.7% than previous quarter

Overall: increasing (102.48%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 87.48 (%).Trend:Decrease 16.33% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 45.92 (%).Trend:Decrease 47.51% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 139.46 (%).Trend:Increase 203.7% than previous quarter

Overall: increasing (59.42%). 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 -101.28 (%).Trend:Decrease 37.42% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -63.71 (%).Trend:Decrease 37.1% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -165.14 (%).Trend:Increase 159.21% than previous quarter

Overall: decreasing (63.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.2 (%).Trend:Increase 20.65% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.33 (%).Trend:Increase 7.96% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.41 (%).Trend:Decrease 19.05% than previous quarter

Overall: decreasing (-12.61%). 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 -22.17 (%).Trend:Decrease 4.85% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -22.15 (%).Trend:Decrease 0.09% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -21.42 (%).Trend:Decrease 3.3% than previous quarter

Overall: increasing (-3.38%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.42 (USD).Trend:Increase 18.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.1 (USD).Trend:Increase 47.89% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.08 (USD).Trend:Decrease 48.57% than previous quarter

Overall: decreasing (-23.94%). Fluctuation: **Significant** (high variation).



Between Q2 2020 and Q1 2021, liabilities and current assets on revenue increased significantly, showing high variation.  The ratio of retained earnings to revenue decreased sharply, while the SG&A expense ratio decreased moderately.  Retained earnings on assets showed slight improvement, and earnings per share decreased significantly, exhibiting high fluctuation.