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 56.82 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 35.37 (%).Trend:Decrease 37.75% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 118.88 (%).Trend:Increase 236.1% than previous quarter

Overall: increasing (109.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 66.81 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 43.94 (%).Trend:Decrease 34.23% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 179.74 (%).Trend:Increase 309.06% than previous quarter

Overall: increasing (169.03%). 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 128.95 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 87.52 (%).Trend:Decrease 32.13% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 283.04 (%).Trend:Increase 223.4% than previous quarter

Overall: increasing (119.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.68 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.83 (%).Trend:Decrease 3.07% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.34 (%).Trend:Increase 5.63% than previous quarter

Overall: increasing (2.38%). 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 44.98 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 46.55 (%).Trend:Increase 3.49% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 45.38 (%).Trend:Decrease 2.51% than previous quarter

Overall: increasing (0.89%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 2.31 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 3.92 (USD).Trend:Increase 69.7% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.98 (USD).Trend:Decrease 75.0% than previous quarter

Overall: decreasing (-57.58%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2019 to Q1 2020 shows substantial fluctuations. Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all show significant increases and decreases. SG&A expenses are increasing slightly.  Investment efficiency shows small growth in retained earnings on assets. Earnings per share show a sharp decline from Q3 2019 to Q1 2020.  The data points towards a period of significant financial volatility and potential operational challenges.