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 35.7 (%).Trend:Decrease 43.95% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 25.49 (%).Trend:Decrease 28.6% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 83.24 (%).Trend:Increase 226.56% than previous quarter

Overall: increasing (133.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 96.77 (%).Trend:Decrease 48.43% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 66.64 (%).Trend:Decrease 31.14% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 209.79 (%).Trend:Increase 214.81% than previous quarter

Overall: increasing (116.79%). 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 149.72 (%).Trend:Decrease 49.44% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 101.75 (%).Trend:Decrease 32.04% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 322.06 (%).Trend:Increase 216.52% than previous quarter

Overall: increasing (115.11%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.28 (%).Trend:Increase 2.39% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.27 (%).Trend:Decrease 0.06% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.7 (%).Trend:Increase 8.79% than previous quarter

Overall: increasing (8.72%). 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 76.91 (%).Trend:Decrease 0.7% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 77.78 (%).Trend:Increase 1.13% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 78.74 (%).Trend:Increase 1.23% than previous quarter

Overall: increasing (2.38%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 3.57 (USD).Trend:Increase 257.0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 5.43 (USD).Trend:Increase 52.1% than previous quarter
Year 2020 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 63.17% than previous quarter

Overall: decreasing (-43.98%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2019 to Q1 2020 reveal significant fluctuations in working capital efficiency. Liabilities on revenue increased dramatically in Q1 2020 after a decline in the previous quarters. Current assets on revenue also demonstrate significant variability, increasing sharply in Q1 2020. Cost efficiency displays a similar pattern, with substantial fluctuations in the ratio of retained earnings to revenue, while the SG&A expense ratio demonstrates relatively stable growth. Investment efficiency, as measured by retained earnings on assets, displays slight, consistent increases.  Earning per share fluctuates significantly, exhibiting a large increase in Q3 2019 followed by a major decrease in Q1 2020.