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 27.45 (%).Trend:Decrease 46.89% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 17.3 (%).Trend:Decrease 36.98% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 59.76 (%).Trend:Increase 245.43% than previous quarter

Overall: increasing (117.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 53.1 (%).Trend:Decrease 50.13% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 34.68 (%).Trend:Decrease 34.69% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 157.12 (%).Trend:Increase 353.06% than previous quarter

Overall: increasing (195.89%). 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 100.5 (%).Trend:Decrease 50.64% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 68.78 (%).Trend:Decrease 31.56% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 243.17 (%).Trend:Increase 253.55% than previous quarter

Overall: increasing (141.96%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.04 (%).Trend:Decrease 6.17% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.64 (%).Trend:Increase 1.93% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.72 (%).Trend:Increase 9.73% than previous quarter

Overall: increasing (11.86%). 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 72.23 (%).Trend:Increase 2.28% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 74.28 (%).Trend:Increase 2.84% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 67.71 (%).Trend:Decrease 8.84% than previous quarter

Overall: decreasing (-6.26%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for Q2 2020 to Q1 2021 reveal fluctuating trends in working capital efficiency, cost efficiency, and investment efficiency. Liabilities and current assets on revenue show substantial increases and decreases over the quarters.  The retained earnings-to-revenue ratio also saw considerable increases and declines. The selling, general, and administrative (SG&A) expense ratio shows a more stable, albeit increasing, trend.  Investment efficiency, as measured by retained earnings on assets, exhibits minimal fluctuation but an overall decrease.