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 41.13 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 31.79 (%).Trend:Decrease 22.71% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 78.45 (%).Trend:Increase 146.78% than previous quarter

Overall: increasing (90.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 79.55 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 49.96 (%).Trend:Decrease 37.2% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 185.85 (%).Trend:Increase 272.0% than previous quarter

Overall: increasing (133.63%). 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 52.39 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 40.78 (%).Trend:Decrease 22.16% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 190.36 (%).Trend:Increase 366.8% than previous quarter

Overall: increasing (263.35%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.72 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.74 (%).Trend:Increase 0.11% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.99 (%).Trend:Increase 1.41% than previous quarter

Overall: increasing (1.52%). 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 14.84 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 16.58 (%).Trend:Increase 11.73% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 19.69 (%).Trend:Increase 18.76% than previous quarter

Overall: increasing (32.68%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.65 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.9 (USD).Trend:Increase 38.46% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.37 (USD).Trend:Decrease 58.89% than previous quarter

Overall: decreasing (-43.08%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2019 to Q1 2020 indicate significant fluctuations in key metrics. Liabilities on revenue and current assets on revenue both showed increases, albeit with large variations.  The ratio of retained earnings to revenue also showed a significant increase.  SG&A expenses increased slightly. Investment efficiency showed a moderate increase. Earnings per share decreased considerably (-43.08%).