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 30.47 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 21.54 (%).Trend:Decrease 29.31% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 60.62 (%).Trend:Increase 181.43% than previous quarter

Overall: increasing (98.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 52.43 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 35.95 (%).Trend:Decrease 31.43% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 106.63 (%).Trend:Increase 196.61% than previous quarter

Overall: increasing (103.38%). 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 0.77 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 0.52 (%).Trend:Decrease 32.47% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 1.49 (%).Trend:Increase 186.54% than previous quarter

Overall: increasing (93.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.47 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.37 (%).Trend:Decrease 0.32% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.83 (%).Trend:Increase 1.47% than previous quarter

Overall: increasing (1.14%). 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 1.02 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 1.02 (%).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 0.99 (%).Trend:Decrease 2.94% than previous quarter

Overall: decreasing (-2.94%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.92 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 2.94 (USD).Trend:Increase 53.12% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.79 (USD).Trend:Decrease 73.13% than previous quarter

Overall: decreasing (-58.85%). Fluctuation: **Significant** (high variation).



Q2 2019 to Q1 2020 financial analysis shows substantial changes. Liabilities and current assets on revenue are increasing considerably (98.95% and 103.38% respectively), but demonstrate high volatility.  The ratio of retained earnings to revenue is also increasing with significant volatility.  SG&A expense ratio is increasing slightly.  Return on assets are declining, and earnings per share are decreasing sharply with high fluctuation.