Working Capital Efficiency
The data from Quater 1 in 2020 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 1: Liabilities on Revenue 21.79 (%).Trend:Decrease 41.39% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 16.72 (%).Trend:Decrease 23.27% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 33.62 (%).Trend:Increase 101.08% than previous quarter

Overall: increasing (54.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 133.61 (%).Trend:Decrease 48.98% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 97.44 (%).Trend:Decrease 27.07% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 170.54 (%).Trend:Increase 75.02% than previous quarter

Overall: increasing (27.64%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2020 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 276.79 (%).Trend:Decrease 44.82% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 194.13 (%).Trend:Decrease 29.86% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 347.46 (%).Trend:Increase 78.98% than previous quarter

Overall: increasing (25.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.86 (%).Trend:Increase 11.0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.05 (%).Trend:Increase 2.77% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.41 (%).Trend:Decrease 37.45% than previous quarter

Overall: decreasing (-35.71%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 1 in 2020 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 1: Retained Earning on Assets 92.35 (%).Trend:Increase 4.62% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 91.81 (%).Trend:Decrease 0.58% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 96.81 (%).Trend:Increase 5.45% than previous quarter

Overall: increasing (4.83%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 2.58 (USD).Trend:Increase 70.86% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.36 (USD).Trend:Increase 30.23% than previous quarter
Year 2021 Quarter 1: Earning Per Share 3.08 (USD).Trend:Decrease 8.33% than previous quarter

Overall: increasing (19.38%). Fluctuation: **Neutral** (moderate variation).



Financial statements from Q1 2020 to Q1 2021 show substantial fluctuations in key financial indicators. Liabilities on revenue increased from Q1 2020 to Q1 2021, but with significant quarterly variation.  Similarly, current assets on revenue showed an upward trend with considerable fluctuations. Cost efficiency, measured by the ratio of retained earnings to revenue, increased overall.  The SG&A expense ratio decreased in Q1 2021. Investment efficiency and earnings per share also display upward trends, although with fluctuating results. The overall performance is unpredictable, marked by significant volatility in many metrics.