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 31.03 (%).Trend:Decrease 45.21% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 22.27 (%).Trend:Decrease 28.23% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 58.7 (%).Trend:Increase 163.58% than previous quarter

Overall: increasing (89.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 81.62 (%).Trend:Decrease 45.21% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 63.79 (%).Trend:Decrease 21.85% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 207.13 (%).Trend:Increase 224.71% than previous quarter

Overall: increasing (153.77%). 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 68.07 (%).Trend:Decrease 43.26% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 51.63 (%).Trend:Decrease 24.15% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 181.63 (%).Trend:Increase 251.79% than previous quarter

Overall: increasing (166.83%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.87 (%).Trend:Decrease 1.12% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.19 (%).Trend:Decrease 2.85% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.37 (%).Trend:Decrease 12.16% than previous quarter

Overall: decreasing (-14.66%). 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 27.42 (%).Trend:Increase 9.86% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 29.44 (%).Trend:Increase 7.37% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 33.58 (%).Trend:Increase 14.06% than previous quarter

Overall: increasing (22.47%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 4.82 (USD).Trend:Increase 95.14% than previous quarter
Year 2020 Quarter 3: Earning Per Share 7.49 (USD).Trend:Increase 55.39% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.66 (USD).Trend:Decrease 64.49% than previous quarter

Overall: decreasing (-44.81%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased by 89.17% and current assets on revenue increased by 153.77%. Cost efficiency shows a decreasing trend in SG&A expense ratio (-14.66%) and a steady increase in the ratio of retained earnings to revenue (166.83%). Invest efficiency shows a steady increase in retained earnings on assets (22.47%), but earning per share shows a substantial decrease (-44.81%).