Working Capital Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2020 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 2: Liabilities on Revenue 30.62 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 19.14 (%).Trend:Decrease 37.49% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 80.32 (%).Trend:Increase 319.64% than previous quarter

Overall: increasing (162.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 61.61 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 37.52 (%).Trend:Decrease 39.1% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 150.51 (%).Trend:Increase 301.15% than previous quarter

Overall: increasing (144.29%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2020 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 2: Ratio of Retained Earnings to Revenue 5.91 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 5.31 (%).Trend:Decrease 10.15% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 22.99 (%).Trend:Increase 332.96% than previous quarter

Overall: increasing (289.0%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.43 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.26 (%).Trend:Decrease 2.02% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.63 (%).Trend:Increase 4.48% than previous quarter

Overall: increasing (2.37%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2020 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 2: Retained Earning on Assets 3.35 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 4.72 (%).Trend:Increase 40.9% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 5.87 (%).Trend:Increase 24.36% than previous quarter

Overall: increasing (75.22%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q2 2019 to Q1 2020 shows considerable volatility.  Working capital (liabilities and current assets on revenue) increased substantially (162.31% and 144.29%, respectively), with significant fluctuations. Cost efficiency, measured by the retained earnings-to-revenue ratio, also increased considerably (289.0%), demonstrating substantial volatility.  Selling, general, and administrative (SG&A) expenses showed a modest increase (2.37%). Investment efficiency exhibited a substantial increase (75.22%), but with considerable fluctuations. The large variations in these metrics need further investigation to understand underlying trends and risks.