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 61.27 (%).Trend:Decrease 52.16% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 35.26 (%).Trend:Decrease 42.45% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 110.28 (%).Trend:Increase 212.76% than previous quarter

Overall: increasing (79.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 67.92 (%).Trend:Decrease 51.89% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 40.13 (%).Trend:Decrease 40.92% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 127.06 (%).Trend:Increase 216.62% than previous quarter

Overall: increasing (87.07%). 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 36.52 (%).Trend:Decrease 51.73% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 24.29 (%).Trend:Decrease 33.49% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 88.42 (%).Trend:Increase 264.02% than previous quarter

Overall: increasing (142.11%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.75 (%).Trend:Decrease 5.3% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.32 (%).Trend:Decrease 3.13% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.1 (%).Trend:Increase 13.36% than previous quarter

Overall: increasing (9.82%). 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 28.67 (%).Trend:Increase 0.63% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 30.73 (%).Trend:Increase 7.19% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 33.43 (%).Trend:Increase 8.79% than previous quarter

Overall: increasing (16.6%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial data from Q2 2019 to Q1 2020 reveals substantial volatility. Liabilities and current assets on revenue increased overall with highly fluctuating trends. The ratio of retained earnings to revenue increased substantially despite high volatility, indicating potential improvements in profitability and efficiency.  Investment efficiency showed a positive trend with minimal fluctuation, suggesting stable asset management strategies. SG&A expenses rose overall with low fluctuation, potentially indicating stable operational costs.