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 114.4 (%).Trend:Decrease 50.66% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 73.06 (%).Trend:Decrease 36.14% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 200.59 (%).Trend:Increase 174.56% than previous quarter

Overall: increasing (75.34%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 128.77 (%).Trend:Decrease 45.37% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 82.13 (%).Trend:Decrease 36.22% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 236.12 (%).Trend:Increase 187.5% than previous quarter

Overall: increasing (83.37%). 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 225.32 (%).Trend:Decrease 47.98% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 148.41 (%).Trend:Decrease 34.13% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 424.23 (%).Trend:Increase 185.85% than previous quarter

Overall: increasing (88.28%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 79.42 (%).Trend:Decrease 3.9% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 80.6 (%).Trend:Increase 1.49% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 80.84 (%).Trend:Increase 0.3% than previous quarter

Overall: increasing (1.79%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.55 (USD).Trend:Decrease 48.33% than previous quarter

Overall: decreasing (-22.5%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 reveal significant fluctuations in working capital efficiency. Liabilities on revenue increased overall, with significant quarterly variation.  Current assets on revenue also show a similar pattern of increase overall, but high variation. Cost efficiency, measured by the ratio of retained earnings to revenue, shows an overall increasing trend, marked by considerable fluctuations. Investment efficiency, calculated by retained earnings on assets, shows a slight increase overall with minor fluctuations. Earning per share, however, displays a mixed performance, decreasing overall, with significant quarterly fluctuations.