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 95.51 (%).Trend:Decrease 37.46% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 48.95 (%).Trend:Decrease 48.75% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 153.23 (%).Trend:Increase 213.03% than previous quarter

Overall: increasing (60.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 96.62 (%).Trend:Decrease 44.27% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 64.44 (%).Trend:Decrease 33.31% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 184.6 (%).Trend:Increase 186.47% than previous quarter

Overall: increasing (91.06%). 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 293.89 (%).Trend:Decrease 49.63% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 200.63 (%).Trend:Decrease 31.73% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 603.12 (%).Trend:Increase 200.61% than previous quarter

Overall: increasing (105.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.33 (%).Trend:Decrease 6.36% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.86 (%).Trend:Decrease 1.86% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.98 (%).Trend:Decrease 3.54% than previous quarter

Overall: decreasing (-5.33%). 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 112.53 (%).Trend:Decrease 1.96% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 112.89 (%).Trend:Increase 0.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 105.99 (%).Trend:Decrease 6.11% than previous quarter

Overall: decreasing (-5.81%). Fluctuation: **Little** (low 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 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.74 (USD).Trend:Decrease 63.0% than previous quarter

Overall: decreasing (-26.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 reveal substantial volatility.  Working capital is showing increased liabilities and assets on revenue, but with significant swings. Cost efficiency suggests a stable decline in SG&A expense ratio, while the ratio of retained earnings to revenue demonstrates substantial growth. However, earning per share and retained earnings on assets exhibit more significant fluctuations, with notable increases and decreases across the three-quarter period.