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 75.44 (%).Trend:Decrease 49.04% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 51.1 (%).Trend:Decrease 32.26% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 110.22 (%).Trend:Increase 115.69% than previous quarter

Overall: increasing (46.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 62.38 (%).Trend:Decrease 44.89% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 40.23 (%).Trend:Decrease 35.51% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 84.15 (%).Trend:Increase 109.17% than previous quarter

Overall: increasing (34.9%). 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 41.23 (%).Trend:Decrease 47.2% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 28.46 (%).Trend:Decrease 30.97% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 96.78 (%).Trend:Increase 240.06% than previous quarter

Overall: increasing (134.73%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.17 (%).Trend:Decrease 2.33% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.77 (%).Trend:Decrease 3.29% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.8 (%).Trend:Decrease 8.24% than previous quarter

Overall: decreasing (-11.26%). 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 14.44 (%).Trend:Increase 4.87% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 15.27 (%).Trend:Increase 5.75% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 19.32 (%).Trend:Increase 26.52% than previous quarter

Overall: increasing (33.8%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 7.96 (USD).Trend:Increase 149.53% than previous quarter
Year 2020 Quarter 3: Earning Per Share 11.77 (USD).Trend:Increase 47.86% than previous quarter
Year 2021 Quarter 1: Earning Per Share 3.33 (USD).Trend:Decrease 71.71% than previous quarter

Overall: decreasing (-58.17%). Fluctuation: **Significant** (high variation).



Between Q2 2020 and Q1 2021, liabilities on revenue and current assets on revenue increased significantly.  The ratio of retained earnings to revenue also experienced substantial growth, while the SG&A expense ratio decreased slightly. Retained earnings on assets showed moderate growth, but earnings per share decreased significantly.