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 26.12 (%).Trend:Decrease 53.12% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 17.54 (%).Trend:Decrease 32.85% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 57.92 (%).Trend:Increase 230.22% than previous quarter

Overall: increasing (121.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 73.47 (%).Trend:Decrease 47.82% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 47.2 (%).Trend:Decrease 35.76% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 132.65 (%).Trend:Increase 181.04% than previous quarter

Overall: increasing (80.55%). 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 6.78 (%).Trend:Decrease 526.42% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 7.35 (%).Trend:Increase 8.41% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 35.38 (%).Trend:Increase 381.36% than previous quarter

Overall: increasing (421.83%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.95 (%).Trend:Decrease 7.75% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.37 (%).Trend:Increase 3.84% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.66 (%).Trend:Decrease 6.24% than previous quarter

Overall: decreasing (-2.65%). 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 2.14 (%).Trend:Decrease 991.67% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 3.56 (%).Trend:Increase 66.36% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 5.58 (%).Trend:Increase 56.74% than previous quarter

Overall: increasing (160.75%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q2 2020 to Q1 2021 show considerable volatility. Liabilities on revenue increased substantially after a period of decline, while current assets on revenue also increased. The ratio of retained earnings to revenue demonstrated a substantial increase after a significant decrease. SG&A expenses showed a slight overall decrease, with minor quarter-to-quarter variations. Investment efficiency (retained earnings on assets) also showed an increasing trend with high volatility, particularly in Q2 2020. Earnings per share show fluctuations in Q1 2021, down from Q3 2020.