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 35.86 (%).Trend:Decrease 43.34% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.42 (%).Trend:Decrease 31.9% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 76.47 (%).Trend:Increase 213.14% than previous quarter

Overall: increasing (113.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 59.61 (%).Trend:Decrease 52.96% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 45.3 (%).Trend:Decrease 24.01% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 143.72 (%).Trend:Increase 217.26% than previous quarter

Overall: increasing (141.1%). 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 138.3 (%).Trend:Decrease 46.5% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 95.91 (%).Trend:Decrease 30.65% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 302.78 (%).Trend:Increase 215.69% than previous quarter

Overall: increasing (118.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.33 (%).Trend:Increase 5.73% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.9 (%).Trend:Increase 5.52% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.03 (%).Trend:Increase 1.19% than previous quarter

Overall: increasing (6.78%). 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 73.43 (%).Trend:Increase 3.03% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 70.73 (%).Trend:Decrease 3.68% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 68.01 (%).Trend:Decrease 3.85% than previous quarter

Overall: decreasing (-7.38%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.46 (USD).Trend:Increase 84.81% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.23 (USD).Trend:Increase 52.74% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.73 (USD).Trend:Decrease 67.26% than previous quarter

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show a mixed picture. Working capital efficiency metrics, particularly liabilities and current assets on revenue, display substantial increases.  Cost efficiency, as measured by the retained earnings to revenue ratio, saw a considerable uptrend. The selling, general, and administrative (SG&A) expense ratio showed a minor increase. However, investment efficiency decreased, as evidenced by retained earnings on assets. Earnings per share also saw a large drop from Q3 2020 to Q1 2021. The reported data suggest volatility, needing a deeper dive into performance details.