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 69.42 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 36.92 (%).Trend:Decrease 46.82% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 107.58 (%).Trend:Increase 191.39% than previous quarter

Overall: increasing (54.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 159.65 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 93.87 (%).Trend:Decrease 41.2% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 325.51 (%).Trend:Increase 246.77% than previous quarter

Overall: increasing (103.89%). 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 76.45 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 50.27 (%).Trend:Decrease 34.24% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 212.62 (%).Trend:Increase 322.96% than previous quarter

Overall: increasing (178.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.44 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.99 (%).Trend:Decrease 14.15% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 36.21 (%).Trend:Increase 34.16% than previous quarter

Overall: increasing (15.17%). 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 14.29 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 16.06 (%).Trend:Increase 12.39% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 17.96 (%).Trend:Increase 11.83% than previous quarter

Overall: increasing (25.68%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -0.69 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.15 (USD).Trend:Decrease 121.74% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.24 (USD).Trend:Decrease 260.0% than previous quarter

Overall: increasing (-65.22%). Fluctuation: **Significant** (high variation).



From Q2 2019 to Q1 2020, liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all increased significantly, showing high variation.  The SG&A expense ratio increased moderately. Retained earnings on assets showed a moderate increase, while earnings per share increased significantly, also showing high variation.