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 36.29 (%).Trend:Decrease 49.68% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.3 (%).Trend:Decrease 33.04% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 69.24 (%).Trend:Increase 184.94% than previous quarter

Overall: increasing (90.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 64.43 (%).Trend:Decrease 46.2% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 46.41 (%).Trend:Decrease 27.97% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 129.34 (%).Trend:Increase 178.69% than previous quarter

Overall: increasing (100.74%). 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 56.64 (%).Trend:Decrease 45.62% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 40.36 (%).Trend:Decrease 28.74% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 126.08 (%).Trend:Increase 212.39% than previous quarter

Overall: increasing (122.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.36 (%).Trend:Decrease 1.6% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.84 (%).Trend:Decrease 3.39% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.71 (%).Trend:Decrease 7.61% than previous quarter

Overall: decreasing (-10.74%). 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 27.56 (%).Trend:Increase 6.62% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 29.33 (%).Trend:Increase 6.42% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 32.38 (%).Trend:Increase 10.4% than previous quarter

Overall: increasing (17.49%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 3.22 (USD).Trend:Increase 110.46% than previous quarter
Year 2020 Quarter 3: Earning Per Share 5.35 (USD).Trend:Increase 66.15% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.82 (USD).Trend:Decrease 65.98% than previous quarter

Overall: decreasing (-43.48%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 reveal significant fluctuations.  Working capital efficiency metrics show substantial increases in liabilities and current assets on revenue in Q1 2021,  a pattern also seen in the ratio of retained earnings to revenue.  Conversely, selling, general, and administrative (SG&A) expense ratios decreased steadily. Investment efficiency, as measured by retained earnings on assets, shows a consistent upward trend, while earnings per share exhibit substantial fluctuations, declining in Q1 2021.  The data suggest volatile financial performance, with increases in working capital, cost, and retained earnings ratios, but a drop in earnings per share.