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 36.41 (%).Trend:Decrease 51.86% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 24.59 (%).Trend:Decrease 32.46% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 110.85 (%).Trend:Increase 350.79% than previous quarter

Overall: increasing (204.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 108.45 (%).Trend:Decrease 49.97% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 78.04 (%).Trend:Decrease 28.04% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 262.48 (%).Trend:Increase 236.34% than previous quarter

Overall: increasing (142.03%). 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 72.5 (%).Trend:Decrease 49.3% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 52.28 (%).Trend:Decrease 27.89% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 177.96 (%).Trend:Increase 240.4% than previous quarter

Overall: increasing (145.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.51 (%).Trend:Decrease 3.84% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.47 (%).Trend:Decrease 0.61% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.11 (%).Trend:Decrease 5.56% than previous quarter

Overall: decreasing (-6.14%). 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 27.24 (%).Trend:Increase 4.09% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 28.83 (%).Trend:Increase 5.84% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 29.28 (%).Trend:Increase 1.56% than previous quarter

Overall: increasing (7.49%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis for Q2 2019 to Q1 2020 shows significant volatility in key ratios.  Liabilities and current assets on revenue both show increasing trends, but with considerable quarter-to-quarter variation.  The ratio of retained earnings to revenue demonstrates a substantial increase overall.  The SG&A expense ratio trends downward with small fluctuations, while the retained earnings on assets ratio shows a moderate positive trend with minor fluctuations.