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 31.76 (%).Trend:Decrease 48.71% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21.91 (%).Trend:Decrease 31.01% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 67.61 (%).Trend:Increase 208.58% than previous quarter

Overall: increasing (112.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 42.83 (%).Trend:Decrease 57.04% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 29.15 (%).Trend:Decrease 31.94% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 93.73 (%).Trend:Increase 221.54% than previous quarter

Overall: increasing (118.84%). 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 35.86 (%).Trend:Decrease 47.54% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 26.11 (%).Trend:Decrease 27.19% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 60.94 (%).Trend:Increase 133.4% than previous quarter

Overall: increasing (69.94%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.4 (%).Trend:Decrease 3.58% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.39 (%).Trend:Decrease 4.32% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.2 (%).Trend:Decrease 18.71% than previous quarter

Overall: decreasing (-22.22%). 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 18.36 (%).Trend:Increase 9.68% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.63 (%).Trend:Increase 6.92% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 20.43 (%).Trend:Increase 4.08% than previous quarter

Overall: increasing (11.27%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.74 (USD).Trend:Increase 174.07% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.29 (USD).Trend:Increase 74.32% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.48 (USD).Trend:Increase 14.73% than previous quarter

Overall: increasing (100.0%). Fluctuation: **Significant** (high variation).



From Q2 2020 to Q1 2021, liabilities and current assets on revenue both increased significantly, showcasing high volatility.  The ratio of retained earnings to revenue also increased substantially.  Conversely, the SG&A expense ratio decreased moderately, indicating improved cost control. Retained earnings on assets increased slightly, and earnings per share also showed substantial growth.