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 42.94 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 31.51 (%).Trend:Decrease 26.62% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 132.05 (%).Trend:Increase 319.07% than previous quarter

Overall: increasing (207.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 87.71 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 58.44 (%).Trend:Decrease 33.37% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 195.55 (%).Trend:Increase 234.62% than previous quarter

Overall: increasing (122.95%). 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 190.45 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 132.19 (%).Trend:Decrease 30.59% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 448.15 (%).Trend:Increase 239.02% than previous quarter

Overall: increasing (135.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.26 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.36 (%).Trend:Increase 1.38% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.56 (%).Trend:Increase 16.3% than previous quarter

Overall: increasing (17.91%). 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 65.7 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 68.31 (%).Trend:Increase 3.97% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 68.55 (%).Trend:Increase 0.35% than previous quarter

Overall: increasing (4.34%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 4.0 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 6.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 83.33% than previous quarter

Overall: decreasing (-75.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2019 to Q1 2020 reveal significant fluctuations in working capital, with liabilities on revenue experiencing a substantial increase in Q1 2020.  Current assets on revenue also showed significant increases throughout the period.  Cost efficiency shows a slight increase in the SG&A expense ratio. Investment efficiency exhibits a small overall increase in retained earnings on assets.  Earning per share, however, drastically decreased from Q3 2019 to Q1 2020, demonstrating significant volatility.  These findings suggest potentially unstable financial performance characterized by substantial fluctuations in key metrics.