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 49.9 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 39.37 (%).Trend:Decrease 21.1% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 194.92 (%).Trend:Increase 395.1% than previous quarter

Overall: increasing (290.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 115.62 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 135.03 (%).Trend:Increase 16.79% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 256.56 (%).Trend:Increase 90.0% than previous quarter

Overall: increasing (121.9%). 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 258.61 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 175.68 (%).Trend:Decrease 32.07% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 566.61 (%).Trend:Increase 222.52% than previous quarter

Overall: increasing (119.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.43 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.24 (%).Trend:Decrease 0.57% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.58 (%).Trend:Increase 1.02% than previous quarter

Overall: increasing (0.45%). 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 48.68 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 43.04 (%).Trend:Decrease 11.59% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 35.7 (%).Trend:Decrease 17.05% than previous quarter

Overall: decreasing (-26.66%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Analysis of Q2 2019 to Q1 2020 reveals significant fluctuations in several key financial ratios.  Liabilities and current assets relative to revenue increased dramatically, indicating potential working capital challenges.  While the ratio of retained earnings to revenue also increased significantly, retained earnings on assets decreased.  Conversely, SG&A expenses showed minor changes, suggesting cost control in this area.