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 69.41 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 43.39 (%).Trend:Decrease 37.49% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 196.33 (%).Trend:Increase 352.48% than previous quarter

Overall: increasing (182.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 89.2 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 41.5 (%).Trend:Decrease 53.48% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 192.87 (%).Trend:Increase 364.75% than previous quarter

Overall: increasing (116.22%). 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 129.04 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 91.78 (%).Trend:Decrease 28.87% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 307.88 (%).Trend:Increase 235.45% than previous quarter

Overall: increasing (138.59%). 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 37.85 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 40.99 (%).Trend:Increase 8.3% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 36.55 (%).Trend:Decrease 10.83% than previous quarter

Overall: decreasing (-3.43%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 7.85 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 10.55 (USD).Trend:Increase 34.39% than previous quarter
Year 2020 Quarter 1: Earning Per Share -2.08 (USD).Trend:Decrease 119.72% than previous quarter

Overall: decreasing (-126.5%). Fluctuation: **Significant** (high variation).



Working capital efficiency exhibits significant fluctuation. Liabilities and current assets on revenue increased substantially from Q2 2019 to Q1 2020, then saw a significant drop in Q2 2020. Cost efficiency shows a similar pattern of significant volatility in the ratio of retained earnings to revenue. Investment efficiency shows relatively stable decreases in retained earnings on assets.  Earnings per share also show dramatic fluctuations, with a large decrease in Q1 2020.