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 118.29 (%).Trend:Decrease 25.84% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 80.37 (%).Trend:Decrease 32.06% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 206.84 (%).Trend:Increase 157.36% than previous quarter

Overall: increasing (74.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 121.7 (%).Trend:Decrease 43.07% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 90.45 (%).Trend:Decrease 25.68% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 245.17 (%).Trend:Increase 171.06% than previous quarter

Overall: increasing (101.45%). 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 64.73 (%).Trend:Decrease 47.24% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 45.09 (%).Trend:Decrease 30.34% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 125.67 (%).Trend:Increase 178.71% than previous quarter

Overall: increasing (94.14%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 39.05 (%).Trend:Increase 2.41% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.64 (%).Trend:Decrease 1.05% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.67 (%).Trend:Increase 2.67% than previous quarter

Overall: increasing (1.59%). 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 5.26 (%).Trend:Decrease 1.31% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.56 (%).Trend:Increase 5.7% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 5.65 (%).Trend:Increase 1.62% than previous quarter

Overall: increasing (7.41%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency reveals substantial volatility. Liabilities on revenue decreased substantially in the first two quarters of 2020, then rose dramatically in Q1 2021.  Current assets on revenue followed a similar pattern of significant decrease then a sharp increase in Q1 2021. Cost efficiency demonstrates substantial variations in the ratio of retained earnings to revenue, with a large increase in Q1 2021. SG&A expense ratio showed little fluctuation, consistently increasing slightly. Investment efficiency shows a small overall increase in retained earnings on assets, with limited variation.