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 27.95 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 19.23 (%).Trend:Decrease 31.2% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 67.41 (%).Trend:Increase 250.55% than previous quarter

Overall: increasing (141.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 61.53 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 43.74 (%).Trend:Decrease 28.91% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 154.98 (%).Trend:Increase 254.32% than previous quarter

Overall: increasing (151.88%). 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 83.05 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 58.66 (%).Trend:Decrease 29.37% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 222.73 (%).Trend:Increase 279.7% than previous quarter

Overall: increasing (168.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.76 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.8 (%).Trend:Increase 1.45% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.43 (%).Trend:Increase 22.5% than previous quarter

Overall: increasing (24.28%). Fluctuation: **Neutral** (moderate 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 37.92 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 38.89 (%).Trend:Increase 2.56% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 38.99 (%).Trend:Increase 0.26% than previous quarter

Overall: increasing (2.82%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 80.0% than previous quarter

Overall: decreasing (-66.67%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2019 to Q1 2020 reveals significant volatility.  Liabilities and current assets on revenue both increased significantly, but with substantial fluctuations. Cost efficiency, specifically the ratio of retained earnings to revenue, saw an overall increase but with substantial quarter-to-quarter variations.  The Selling, General & Administrative (SG&A) expense ratio also increased with moderate fluctuations. Investment efficiency (retained earnings on assets) saw a small increase with little fluctuation. Earnings per share decreased significantly from Q2 to Q1, with substantial variation.