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 23.99 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 15.66 (%).Trend:Decrease 34.72% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 48.07 (%).Trend:Increase 206.96% than previous quarter

Overall: increasing (100.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 40.56 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 25.92 (%).Trend:Decrease 36.09% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 89.81 (%).Trend:Increase 246.49% than previous quarter

Overall: increasing (121.43%). 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 3.88 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 3.76 (%).Trend:Decrease 3.09% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 14.42 (%).Trend:Increase 283.51% than previous quarter

Overall: increasing (271.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.82 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.45 (%).Trend:Decrease 1.7% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.63 (%).Trend:Increase 5.5% than previous quarter

Overall: increasing (3.71%). 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 4.22 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 6.29 (%).Trend:Increase 49.05% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 7.23 (%).Trend:Increase 14.94% than previous quarter

Overall: increasing (71.33%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.89 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 1.56 (USD).Trend:Increase 75.28% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.08 (USD).Trend:Decrease 94.87% than previous quarter

Overall: decreasing (-91.01%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2019 to Q1 2020 reveals significant volatility.  Working capital efficiency shows strong but fluctuating increases in liabilities and current assets on revenue.  Cost efficiency shows a dramatic increase in the ratio of retained earnings to revenue (271.65%), indicating growth in profitability but significant fluctuation.  SG&A expense ratio experienced a slight increase (3.71%). Investment efficiency also shows a significant increase in retained earnings on assets (71.33%). However, earning per share experienced a substantial decrease (-91.01%), suggesting a dramatic change in profitability.  This demonstrates periods of substantial change in financial performance with considerable instability.