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 61.44 (%).Trend:Decrease 37.43% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 44.36 (%).Trend:Decrease 27.8% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 143.99 (%).Trend:Increase 224.59% than previous quarter

Overall: increasing (134.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 72.11 (%).Trend:Increase 28.49% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 54.09 (%).Trend:Decrease 24.99% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 175.56 (%).Trend:Increase 224.57% than previous quarter

Overall: increasing (143.46%). 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 50.57 (%).Trend:Decrease 36.66% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 34.97 (%).Trend:Decrease 30.85% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 104.3 (%).Trend:Increase 198.26% than previous quarter

Overall: increasing (106.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.33 (%).Trend:Increase 17.65% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.05 (%).Trend:Increase 5.4% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.38 (%).Trend:Increase 9.47% than previous quarter

Overall: increasing (15.38%). 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 11.2 (%).Trend:Decrease 7.13% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 10.83 (%).Trend:Decrease 3.3% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 10.76 (%).Trend:Decrease 0.65% than previous quarter

Overall: decreasing (-3.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.53 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.41 (USD).Trend:Decrease 22.64% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 70.73% than previous quarter

Overall: decreasing (-77.36%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation, with liabilities on revenue increasing dramatically in Q1 2021, followed by a decrease in Q2 and Q3 2021. Similarly, current assets on revenue exhibit substantial variance, increasing substantially in Q1 2021, then decreasing in Q2 and Q3 2021. Cost efficiency, measured by the ratio of retained earnings to revenue, also displays significant fluctuations, rising sharply in Q1 2021 then declining in subsequent quarters. Selling, general, and administrative (SG&A) expense ratio shows low variation and consistent growth. Investment efficiency, as measured by retained earnings on assets, shows small fluctuations, remaining relatively stable. Earnings per share, however, shows significant fluctuations, declining sharply in Q1 2021, then increasing drastically in Q2 and Q3 2021.