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 19.53 (%).Trend:Decrease 48.75% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 12.45 (%).Trend:Decrease 36.25% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 47.43 (%).Trend:Increase 280.96% than previous quarter

Overall: increasing (142.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 35.33 (%).Trend:Decrease 51.42% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 23.3 (%).Trend:Decrease 34.05% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 68.51 (%).Trend:Increase 194.03% than previous quarter

Overall: increasing (93.91%). 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 52.71 (%).Trend:Decrease 49.79% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 35.74 (%).Trend:Decrease 32.2% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 109.15 (%).Trend:Increase 205.4% than previous quarter

Overall: increasing (107.08%). 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 86.2 (%).Trend:Increase 2.83% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 88.77 (%).Trend:Increase 2.98% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 85.66 (%).Trend:Decrease 3.5% than previous quarter

Overall: decreasing (-0.63%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance demonstrates significant volatility across working capital efficiency, cost efficiency, and investment efficiency. Liabilities and current assets on revenue show substantial increases and decreases during the three quarters.  Retained earnings as a percentage of revenue demonstrate substantial increases and decreases. Investment efficiency shows very little variation, however, suggesting stable asset management.  The high fluctuation in these key areas suggests a need for thorough analysis to identify underlying factors and potential risks.