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 33.76 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 26.2 (%).Trend:Decrease 22.39% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 76.55 (%).Trend:Increase 192.18% than previous quarter

Overall: increasing (126.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 66.45 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 47.8 (%).Trend:Decrease 28.07% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 135.98 (%).Trend:Increase 184.48% than previous quarter

Overall: increasing (104.64%). 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 46.28 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 30.49 (%).Trend:Decrease 34.12% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 104.24 (%).Trend:Increase 241.88% than previous quarter

Overall: increasing (125.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.07 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.79 (%).Trend:Decrease 3.47% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.35 (%).Trend:Increase 7.19% than previous quarter

Overall: increasing (3.47%). 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 32.57 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 30.95 (%).Trend:Decrease 4.97% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 35.02 (%).Trend:Increase 13.15% than previous quarter

Overall: increasing (7.52%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q2 2019 to Q1 2020 reveals considerable volatility. Liabilities and current assets on revenue experience significant increases in Q1 2020, following a period of relative stability, indicating periods of potential financial instability. Cost efficiency, as reflected by the ratio of retained earnings to revenue, displays extreme fluctuations during the period, while the selling, general, and administrative (SG&A) expense ratio indicates a more consistent operational approach. Investment efficiency, measured by retained earnings on assets, demonstrates a steady, albeit small, upward trend.