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 21.66 (%).Trend:Decrease 49.0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 14.27 (%).Trend:Decrease 34.12% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 47.37 (%).Trend:Increase 231.96% than previous quarter

Overall: increasing (118.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 99.34 (%).Trend:Decrease 48.77% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 67.28 (%).Trend:Decrease 32.27% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 220.84 (%).Trend:Increase 228.24% than previous quarter

Overall: increasing (122.31%). 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 177.21 (%).Trend:Decrease 49.16% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 120.5 (%).Trend:Decrease 32.0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 383.78 (%).Trend:Increase 218.49% than previous quarter

Overall: increasing (116.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.74 (%).Trend:Increase 1.49% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.78 (%).Trend:Increase 0.2% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.85 (%).Trend:Increase 0.35% than previous quarter

Overall: increasing (0.56%). 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 76.55 (%).Trend:Increase 0.22% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 76.98 (%).Trend:Increase 0.56% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 76.76 (%).Trend:Decrease 0.29% than previous quarter

Overall: increasing (0.27%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q2 2020 to Q1 2021 shows significant fluctuations in working capital and cost efficiency. Liabilities on revenue increased by 118.7%, while current assets on revenue increased by 122.31%. The ratio of retained earnings to revenue also showed a significant increase of 116.57%.  SG&A expense ratio increased slightly (0.56%), suggesting stable spending.  Investment efficiency, as measured by retained earnings on assets, showed a minimal increase of 0.27% with low fluctuation.  No earning per share data is provided.