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 53.6 (%).Trend:Decrease 51.4% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 33.09 (%).Trend:Decrease 38.26% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 87.62 (%).Trend:Increase 164.79% than previous quarter

Overall: increasing (63.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 64.41 (%).Trend:Decrease 49.31% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 41.51 (%).Trend:Decrease 35.55% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 119.02 (%).Trend:Increase 186.73% than previous quarter

Overall: increasing (84.78%). 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 50.48 (%).Trend:Decrease 42.91% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 24.26 (%).Trend:Decrease 51.94% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 73.89 (%).Trend:Increase 204.58% than previous quarter

Overall: increasing (46.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.72 (%).Trend:Increase 4.11% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.09 (%).Trend:Decrease 4.01% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.91 (%).Trend:Decrease 1.19% than previous quarter

Overall: decreasing (-5.15%). 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 35.76 (%).Trend:Increase 6.97% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 26.53 (%).Trend:Decrease 25.81% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 28.82 (%).Trend:Increase 8.63% than previous quarter

Overall: decreasing (-19.41%). Fluctuation: **Neutral** (moderate 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 1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.82 (USD).Trend:Decrease 18.0% than previous quarter

Overall: decreasing (-18.0%). Fluctuation: **Little** (low variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased significantly from Q2 2020 to Q1 2021, then decreased, but subsequently increased in Q1 2021.  Current assets on revenue also exhibited significant increases and decreases.  Cost efficiency shows a slight overall decrease in SG&A expense ratio.  The ratio of retained earnings to revenue fluctuated significantly, increasing in Q1 2021.  Investment efficiency shows a slight negative overall trend in retained earnings on assets. Earnings per share also decreased overall.