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).



Q2 2020 to Q1 2021 financial data reveals significant volatility in working capital and cost efficiency. Liabilities on revenue exhibited a significant increase overall (93.49%), fluctuating widely between quarters. Current assets on revenue also increased overall (91.41%) with similar quarterly variation.  The ratio of retained earnings to revenue increased substantially (78.38%) across the period, despite significant quarter-to-quarter fluctuations. Investment efficiency, measured by retained earnings on assets, showed a small overall decrease (-1.68%) with minimal volatility. Earnings per share decreased overall (-6.0%), with significant quarter-to-quarter variation.