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 25.33 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 16.81 (%).Trend:Decrease 33.64% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 51.83 (%).Trend:Increase 208.33% than previous quarter

Overall: increasing (104.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 36.35 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 23.35 (%).Trend:Decrease 35.76% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 77.02 (%).Trend:Increase 229.85% than previous quarter

Overall: increasing (111.88%). 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 16.12 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 10.79 (%).Trend:Decrease 33.06% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 33.54 (%).Trend:Increase 210.84% than previous quarter

Overall: increasing (108.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.04 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.6 (%).Trend:Decrease 1.42% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.75 (%).Trend:Increase 3.76% than previous quarter

Overall: increasing (2.29%). 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 12.23 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 12.62 (%).Trend:Increase 3.19% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 12.31 (%).Trend:Decrease 2.46% than previous quarter

Overall: increasing (0.65%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.91 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 2.3 (USD).Trend:Increase 152.75% than previous quarter
Year 2020 Quarter 1: Earning Per Share 3.12 (USD).Trend:Increase 35.65% than previous quarter

Overall: increasing (242.86%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2019 to Q1 2020 indicate significant variability in working capital, cost, and investment efficiency. Liabilities and current assets on revenue saw large increases in Q1 2020 after a significant decrease in Q3 2019. The retained earnings to revenue ratio also increased dramatically in Q1 2020, in contrast to consistent decline in the earlier quarters.  SG&A expense ratio exhibited little change. Investment efficiency, measured by retained earnings on assets, also showed minor fluctuation. Earnings per share increased substantially over the period.