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 48.88 (%).Trend:Increase 19.51% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 30.08 (%).Trend:Decrease 38.46% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 41.6 (%).Trend:Increase 38.3% than previous quarter

Overall: decreasing (-14.89%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 119.48 (%).Trend:Decrease 30.64% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 60.3 (%).Trend:Decrease 49.53% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 139.61 (%).Trend:Increase 131.53% than previous quarter

Overall: increasing (16.85%). 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 107.17 (%).Trend:Decrease 49.04% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 70.88 (%).Trend:Decrease 33.86% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 182.14 (%).Trend:Increase 156.97% than previous quarter

Overall: increasing (69.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.58 (%).Trend:Increase 4.7% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.87 (%).Trend:Increase 2.5% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.38 (%).Trend:Decrease 12.55% than previous quarter

Overall: decreasing (-10.36%). 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 56.55 (%).Trend:Decrease 18.14% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 54.66 (%).Trend:Decrease 3.34% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 58.77 (%).Trend:Increase 7.52% than previous quarter

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

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.18 (USD).Trend:Decrease 220.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.5 (USD).Trend:Increase 177.78% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.82 (USD).Trend:Increase 64.0% than previous quarter

Overall: increasing (355.56%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show mixed results. Working capital efficiency displays fluctuating liabilities and current assets on revenue, while cost efficiency shows a considerable increase in the ratio of retained earnings to revenue. The SG&A expense ratio shows a minor decrease.  Investment efficiency shows a gradual increase in retained earnings on assets. Earnings per share exhibited substantial fluctuations, with a significant overall increase. These statements point to the need for a deeper dive to identify trends and possible explanations for the variations.