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 129.16 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 117.36 (%).Trend:Decrease 9.14% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 229.25 (%).Trend:Increase 95.34% than previous quarter

Overall: increasing (77.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 158.44 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 131.65 (%).Trend:Decrease 16.91% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 297.22 (%).Trend:Increase 125.77% than previous quarter

Overall: increasing (87.59%). 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 387.14 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 288.3 (%).Trend:Decrease 25.53% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 826.41 (%).Trend:Increase 186.65% than previous quarter

Overall: increasing (113.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.47 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.42 (%).Trend:Decrease 2.47% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.51 (%).Trend:Decrease 4.61% than previous quarter

Overall: decreasing (-6.97%). 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 91.74 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 94.17 (%).Trend:Increase 2.65% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 106.27 (%).Trend:Increase 12.85% than previous quarter

Overall: increasing (15.84%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.12 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.1 (USD).Trend:Decrease 16.67% than previous quarter
Year 2020 Quarter 1: Earning Per Share -1.22 (USD).Trend:Decrease 1320.0% than previous quarter

Overall: decreasing (-1116.67%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2019 to Q1 2020 reveal significant fluctuation in financial metrics.  Working capital efficiency, measured by liabilities and current assets on revenue, showed substantial increases (77.49% and 87.59%, respectively).  Cost efficiency, as measured by the ratio of retained earnings to revenue, also increased significantly (113.47%).  Conversely, the Selling, General, and Administrative (SG&A) expense ratio decreased slightly (-6.97%).  Investment efficiency, indicated by retained earnings on assets, increased moderately (15.84%). Earnings per share, however, decreased substantially (-1116.67%).