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 87.55 (%).Trend:Decrease 47.05% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 64.52 (%).Trend:Decrease 26.3% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 141.26 (%).Trend:Increase 118.94% than previous quarter

Overall: increasing (61.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 99.58 (%).Trend:Decrease 44.04% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 75.53 (%).Trend:Decrease 24.15% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 190.65 (%).Trend:Increase 152.42% than previous quarter

Overall: increasing (91.45%). 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 267.01 (%).Trend:Decrease 44.62% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 181.82 (%).Trend:Decrease 31.91% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 787.66 (%).Trend:Increase 333.21% than previous quarter

Overall: increasing (194.99%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.31 (%).Trend:Increase 5.85% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.63 (%).Trend:Decrease 1.61% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 38.38 (%).Trend:Decrease 7.81% than previous quarter

Overall: decreasing (-9.29%). 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 48.03 (%).Trend:Increase 0.97% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 47.13 (%).Trend:Decrease 1.87% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 60.08 (%).Trend:Increase 27.48% than previous quarter

Overall: increasing (25.09%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.07 (USD).Trend:Increase 12.5% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.2 (USD).Trend:Increase 54.59% than previous quarter
Year 2021 Quarter 1: Earning Per Share 42.77 (USD).Trend:Increase 1236.56% than previous quarter

Overall: increasing (1966.18%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2020 to Q1 2021 financial data reveals significant fluctuations in working capital efficiency metrics (liabilities and current assets on revenue), all showing overall increases.  Cost efficiency metrics show a significant increase in the ratio of retained earnings to revenue, while SG&A expense ratios decreased slightly. Investment efficiency metrics indicate an increase in retained earnings on assets and a dramatic increase in earnings per share.