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 34.92 (%).Trend:Decrease 56.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21.28 (%).Trend:Decrease 39.06% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 65.5 (%).Trend:Increase 207.8% than previous quarter

Overall: increasing (87.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 68.35 (%).Trend:Decrease 54.59% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 42.24 (%).Trend:Decrease 38.2% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 149.45 (%).Trend:Increase 253.81% than previous quarter

Overall: increasing (118.65%). 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 14.5 (%).Trend:Decrease 36.93% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 15.45 (%).Trend:Increase 6.55% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 59.36 (%).Trend:Increase 284.21% than previous quarter

Overall: increasing (309.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.29 (%).Trend:Decrease 3.94% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.16 (%).Trend:Decrease 1.57% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.47 (%).Trend:Increase 3.8% than previous quarter

Overall: increasing (2.17%). 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 7.82 (%).Trend:Increase 33.22% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 12.85 (%).Trend:Increase 64.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 14.67 (%).Trend:Increase 14.16% than previous quarter

Overall: increasing (87.6%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 4.0 (USD).Trend:Increase 300.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.22 (USD).Trend:Decrease 69.5% than previous quarter

Overall: increasing (22.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2020 to Q1 2021 reveals significant fluctuations in key metrics. Liabilities and current assets on revenue both experienced substantial increases in Q1 2021 after decreasing trends in previous quarters.  The ratio of retained earnings to revenue also saw a dramatic increase in Q1 2021. SG&A expense ratio showed a mild increase. Retained earnings on assets and earnings per share saw substantial variation. Overall, the period reflects significant changes in working capital management, cost efficiency, and profitability.