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 30.61 (%).Trend:Decrease 45.74% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21.05 (%).Trend:Decrease 31.23% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 62.02 (%).Trend:Increase 194.63% than previous quarter

Overall: increasing (102.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 94.12 (%).Trend:Decrease 44.15% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 62.67 (%).Trend:Decrease 33.41% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 201.81 (%).Trend:Increase 222.02% than previous quarter

Overall: increasing (114.42%). 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 41.13 (%).Trend:Decrease 51.86% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 31.06 (%).Trend:Decrease 24.48% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 73.89 (%).Trend:Increase 137.89% than previous quarter

Overall: increasing (79.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.54 (%).Trend:Increase 5.07% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.72 (%).Trend:Decrease 8.6% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.73 (%).Trend:Decrease 34.29% than previous quarter

Overall: decreasing (-39.94%). Fluctuation: **Neutral** (moderate 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 22.61 (%).Trend:Decrease 17.6% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 25.53 (%).Trend:Increase 12.91% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 23.2 (%).Trend:Decrease 9.13% than previous quarter

Overall: increasing (2.61%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -4.29 (USD).Trend:Increase 356.38% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.53 (USD).Trend:Decrease 64.34% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.86 (USD).Trend:Decrease 221.57% than previous quarter

Overall: increasing (-143.36%). Fluctuation: **Significant** (high variation).



Q2 2020 to Q1 2021 financial data shows increased working capital efficiency, with marked increases in liabilities and current assets on revenue. Cost efficiency, measured by the ratio of retained earnings to revenue, increased significantly. SG&A expenses showed a notable decrease, indicating better cost control. Investment efficiency, as measured by retained earnings on assets, demonstrated modest increases. Earnings per share exhibited a large overall increase despite fluctuating results.