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 34.71 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 23.69 (%).Trend:Decrease 31.75% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 77.08 (%).Trend:Increase 225.37% than previous quarter

Overall: increasing (122.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 69.56 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 43.92 (%).Trend:Decrease 36.86% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 212.45 (%).Trend:Increase 383.72% than previous quarter

Overall: increasing (205.42%). 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 185.74 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 131.19 (%).Trend:Decrease 29.37% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 406.49 (%).Trend:Increase 209.85% than previous quarter

Overall: increasing (118.85%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.37 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.47 (%).Trend:Increase 1.07% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.19 (%).Trend:Increase 18.16% than previous quarter

Overall: increasing (19.42%). Fluctuation: **Little** (low 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 45.17 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 46.72 (%).Trend:Increase 3.43% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 42.65 (%).Trend:Decrease 8.71% than previous quarter

Overall: decreasing (-5.58%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.53 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 2.33 (USD).Trend:Increase 52.29% than previous quarter
Year 2020 Quarter 1: Earning Per Share -4.15 (USD).Trend:Decrease 278.11% than previous quarter

Overall: decreasing (-371.24%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2019 to Q1 2020 indicates substantial volatility.  Liabilities and current assets on revenue, as well as the ratio of retained earnings to revenue, showed substantial increases.  SG&A expense ratio increased slightly.  Investment efficiency, measured by retained earnings on assets, declined. Earnings per share experienced a large and fluctuating decline.  The data indicates significant variability across the different financial metrics.