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 38.63 (%).Trend:Decrease 41.29% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 28.58 (%).Trend:Decrease 26.02% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 78.56 (%).Trend:Increase 174.88% than previous quarter

Overall: increasing (103.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 61.42 (%).Trend:Decrease 48.44% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 40.27 (%).Trend:Decrease 34.44% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 117.2 (%).Trend:Increase 191.04% than previous quarter

Overall: increasing (90.82%). 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 52.23 (%).Trend:Decrease 53.52% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 34.09 (%).Trend:Decrease 34.73% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 64.18 (%).Trend:Increase 88.27% than previous quarter

Overall: increasing (22.88%). 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 41.77 (%).Trend:Decrease 6.28% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 40.79 (%).Trend:Decrease 2.35% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 30.22 (%).Trend:Decrease 25.91% than previous quarter

Overall: decreasing (-27.65%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


From Q2 2020 to Q1 2021, liabilities on revenue and current assets on revenue both increased significantly, with substantial fluctuations.  The ratio of retained earnings to revenue also increased, showing significant variation.  However, retained earnings on assets decreased overall, demonstrating moderate fluctuation.  Data for SG&A expense ratio and earnings per share were missing.