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 60.51 (%).Trend:Decrease 48.61% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 48.43 (%).Trend:Decrease 19.96% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 120.51 (%).Trend:Increase 148.83% than previous quarter

Overall: increasing (99.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 89.78 (%).Trend:Decrease 50.38% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 57.88 (%).Trend:Decrease 35.53% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 209.31 (%).Trend:Increase 261.63% than previous quarter

Overall: increasing (133.14%). 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 154.85 (%).Trend:Decrease 49.38% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 95.98 (%).Trend:Decrease 38.02% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 265.5 (%).Trend:Increase 176.62% than previous quarter

Overall: increasing (71.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.59 (%).Trend:Increase 0.52% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.9 (%).Trend:Decrease 7.19% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.77 (%).Trend:Decrease 12.7% than previous quarter

Overall: decreasing (-18.98%). Fluctuation: **Neutral** (moderate 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 38.57 (%).Trend:Increase 1.63% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 37.13 (%).Trend:Decrease 3.73% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 35.64 (%).Trend:Decrease 4.01% than previous quarter

Overall: decreasing (-7.6%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.82 (USD).Trend:Increase 106.82% than previous quarter
Year 2019 Quarter 3: Earning Per Share 3.18 (USD).Trend:Increase 74.73% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.33 (USD).Trend:Decrease 58.18% than previous quarter

Overall: decreasing (-26.92%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2019 to Q1 2020 indicate significant fluctuations in key metrics. Liabilities and current assets on revenue increased, while the ratio of retained earnings to revenue showed a substantial increase.  SG&A expense ratio decreased slightly.  Investment efficiency showed a minor decrease in retained earnings on assets.  Earnings per share decreased, demonstrating substantial fluctuations.