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 48.86 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 32.34 (%).Trend:Decrease 33.81% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 112.35 (%).Trend:Increase 247.4% than previous quarter

Overall: increasing (129.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 68.42 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 45.36 (%).Trend:Decrease 33.7% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 153.41 (%).Trend:Increase 238.21% than previous quarter

Overall: increasing (124.22%). 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 25.82 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 17.02 (%).Trend:Decrease 34.08% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 51.55 (%).Trend:Increase 202.88% than previous quarter

Overall: increasing (99.65%). 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 12.58 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 12.63 (%).Trend:Increase 0.4% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 11.84 (%).Trend:Decrease 6.25% than previous quarter

Overall: decreasing (-5.88%). Fluctuation: **Little** (low variation).

Earning Per Share


Analysis of the provided financial statements reveals significant volatility in working capital efficiency.  Liabilities and current assets on revenue increased dramatically, but with substantial quarter-over-quarter variation. Cost efficiency, as measured by the ratio of retained earnings to revenue, showed similar volatile increases.  Investment efficiency, however, exhibited a slight overall decrease in retained earnings on assets with minimal fluctuation.  Further analysis is needed to pinpoint the reasons for these changes.