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 21.93 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 15.46 (%).Trend:Decrease 29.5% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 50.43 (%).Trend:Increase 226.2% than previous quarter

Overall: increasing (129.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 28.06 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 19.98 (%).Trend:Decrease 28.8% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 56.06 (%).Trend:Increase 180.58% than previous quarter

Overall: increasing (99.79%). 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 42.05 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 27.8 (%).Trend:Decrease 33.89% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 91.81 (%).Trend:Increase 230.25% than previous quarter

Overall: increasing (118.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.52 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.52 (%).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.53 (%).Trend:Increase 0.66% than previous quarter

Overall: increasing (0.66%). 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 37.08 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 36.99 (%).Trend:Decrease 0.24% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 35.85 (%).Trend:Decrease 3.08% than previous quarter

Overall: decreasing (-3.32%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 3.57 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 5.15 (USD).Trend:Increase 44.26% than previous quarter
Year 2020 Quarter 1: Earning Per Share -5.66 (USD).Trend:Decrease 209.9% than previous quarter

Overall: decreasing (-258.54%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2019 to Q1 2020 reveal significant fluctuations. Working capital efficiency is increasing significantly, with liabilities and current assets on revenue rising. Cost efficiency is also increasing, particularly in the ratio of retained earnings to revenue. SG&A expense ratio shows little change. Invest efficiency shows a small decrease in retained earnings on assets, while earning per share shows a considerable negative overall decline.