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 34.92 (%).Trend:Decrease 56.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21.28 (%).Trend:Decrease 39.06% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 65.5 (%).Trend:Increase 207.8% than previous quarter

Overall: increasing (87.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 68.35 (%).Trend:Decrease 54.59% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 42.24 (%).Trend:Decrease 38.2% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 149.45 (%).Trend:Increase 253.81% than previous quarter

Overall: increasing (118.65%). 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 14.5 (%).Trend:Decrease 36.93% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 15.45 (%).Trend:Increase 6.55% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 59.36 (%).Trend:Increase 284.21% than previous quarter

Overall: increasing (309.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.29 (%).Trend:Decrease 3.94% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.16 (%).Trend:Decrease 1.57% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.47 (%).Trend:Increase 3.8% than previous quarter

Overall: increasing (2.17%). 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 7.82 (%).Trend:Increase 33.22% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 12.85 (%).Trend:Increase 64.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 14.67 (%).Trend:Increase 14.16% than previous quarter

Overall: increasing (87.6%). Fluctuation: **Significant** (high 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 4.0 (USD).Trend:Increase 300.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.22 (USD).Trend:Decrease 69.5% than previous quarter

Overall: increasing (22.0%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2020 to Q1 2021 reveals significant volatility. Working capital metrics (liabilities and current assets on revenue) show increases (87.57% and 118.65%, respectively), but with substantial fluctuations. Cost efficiency, measured by the retained earnings-to-revenue ratio, shows a remarkable increase (309.38%), but again, with high volatility. The selling, general, and administrative (SG&A) expense ratio trended slightly upward (2.17%). Investment efficiency displays an increase (87.6%), though with substantial variation. Earnings per share show considerable volatility, with a mixed overall trend (22.0%).