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 39.68 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 30.07 (%).Trend:Decrease 24.22% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 75.82 (%).Trend:Increase 152.14% than previous quarter

Overall: increasing (91.08%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 57.17 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 38.48 (%).Trend:Decrease 32.69% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 105.45 (%).Trend:Increase 174.04% than previous quarter

Overall: increasing (84.45%). 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 7.32 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 6.64 (%).Trend:Decrease 9.29% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 6.2 (%).Trend:Decrease 6.63% than previous quarter

Overall: decreasing (-15.3%). Fluctuation: **Little** (low 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 2.59 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 3.86 (%).Trend:Increase 49.03% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 1.31 (%).Trend:Decrease 66.06% than previous quarter

Overall: decreasing (-49.42%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q2 2019 to Q1 2020 show a complex financial picture. Working capital efficiency (liabilities and current assets on revenue) both show significant increases, but with high fluctuation.  Cost efficiency (ratio of retained earnings to revenue) trends downward slightly. Investment efficiency (retained earnings on assets) demonstrates a considerable decrease with substantial swings.