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 37.84 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 27.97 (%).Trend:Decrease 26.08% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 116.94 (%).Trend:Increase 318.09% than previous quarter

Overall: increasing (209.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 50.29 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 34.02 (%).Trend:Decrease 32.35% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 121.77 (%).Trend:Increase 257.94% than previous quarter

Overall: increasing (142.14%). 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 95.9 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 61.31 (%).Trend:Decrease 36.07% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 134.5 (%).Trend:Increase 119.38% than previous quarter

Overall: increasing (40.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.84 (%).Trend:Decrease 4.0% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.76 (%).Trend:Increase 23.96% than previous quarter

Overall: increasing (19.0%). Fluctuation: **Neutral** (moderate 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 30.22 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 29.49 (%).Trend:Decrease 2.42% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 20.24 (%).Trend:Decrease 31.37% than previous quarter

Overall: decreasing (-33.02%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance from 2019 Q2 to 2020 Q1 shows significant volatility in key financial ratios. Liabilities and current assets on revenue exhibited substantial increases in the first quarter of 2020, contrasting sharply with earlier quarters.  The ratio of retained earnings to revenue also demonstrates significant fluctuations. The SG&A expense ratio showed a more consistent increase.   Investment efficiency, as measured by retained earnings on assets, decreased.  These findings highlight substantial variations, indicating the need for a deeper analysis of underlying factors.