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 124.89 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 81.68 (%).Trend:Decrease 34.6% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 231.85 (%).Trend:Increase 183.85% than previous quarter

Overall: increasing (85.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 118.78 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 88.61 (%).Trend:Decrease 25.4% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 235.72 (%).Trend:Increase 166.02% than previous quarter

Overall: increasing (98.45%). 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 215.42 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 141.21 (%).Trend:Decrease 34.45% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 433.16 (%).Trend:Increase 206.75% than previous quarter

Overall: increasing (101.08%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 77.97 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 75.32 (%).Trend:Decrease 3.4% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 82.64 (%).Trend:Increase 9.72% than previous quarter

Overall: increasing (5.99%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 66.67% than previous quarter

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



Financial statements show significant volatility in working capital efficiency. Liabilities and current assets on revenue both saw substantial increases and decreases throughout the three quarters. Cost efficiency, measured by the ratio of retained earnings to revenue, also exhibited large fluctuations. Conversely, investment efficiency, measured by retained earnings on assets, demonstrates relatively stable growth.  Earnings per share, however, fluctuated significantly, declining by half in one quarter before recovering.  These patterns suggest instability in the company's performance.