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 21.93 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 15.46 (%).Trend:Decrease 29.5% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 50.43 (%).Trend:Increase 226.2% than previous quarter

Overall: increasing (129.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 28.06 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 19.98 (%).Trend:Decrease 28.8% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 56.06 (%).Trend:Increase 180.58% than previous quarter

Overall: increasing (99.79%). 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 42.05 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 27.8 (%).Trend:Decrease 33.89% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 91.81 (%).Trend:Increase 230.25% than previous quarter

Overall: increasing (118.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.52 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.52 (%).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.53 (%).Trend:Increase 0.66% than previous quarter

Overall: increasing (0.66%). 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 37.08 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 36.99 (%).Trend:Decrease 0.24% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 35.85 (%).Trend:Decrease 3.08% than previous quarter

Overall: decreasing (-3.32%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 3.57 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 5.15 (USD).Trend:Increase 44.26% than previous quarter
Year 2020 Quarter 1: Earning Per Share -5.66 (USD).Trend:Decrease 209.9% than previous quarter

Overall: decreasing (-258.54%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2019 to Q1 2020 demonstrate significant fluctuations. Working capital efficiency, measured by liabilities and current assets on revenue, shows a significant increase. Cost efficiency, specifically the ratio of retained earnings to revenue, is also increasing significantly.  SG&A expense ratio is showing little change. Invest efficiency shows a small decrease in retained earnings on assets, while earning per share demonstrates a substantial negative overall decline.