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 22.71 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 18.92 (%).Trend:Decrease 16.69% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 45.51 (%).Trend:Increase 140.54% than previous quarter

Overall: increasing (100.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 66.57 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 51.13 (%).Trend:Decrease 23.19% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 135.02 (%).Trend:Increase 164.07% than previous quarter

Overall: increasing (102.82%). 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 36.74 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 27.41 (%).Trend:Decrease 25.39% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 101.87 (%).Trend:Increase 271.65% than previous quarter

Overall: increasing (177.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 5.38 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 5.95 (%).Trend:Increase 10.59% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 7.74 (%).Trend:Increase 30.08% than previous quarter

Overall: increasing (43.87%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis of Q2 2019 to Q1 2020 shows significant volatility.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all displayed substantial increases, fluctuating substantially between quarters.  While the overall trend for retained earnings on assets is positive (43.87%), it exhibits moderate variation.  The lack of data for SG&A expense ratio and earnings per share limits a complete analysis of the financial health.