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 54.96 (%).Trend:Decrease 53.19% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 35.33 (%).Trend:Decrease 35.72% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 118.52 (%).Trend:Increase 235.47% than previous quarter

Overall: increasing (115.65%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 145.59 (%).Trend:Decrease 63.99% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 79.51 (%).Trend:Decrease 45.39% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 285.58 (%).Trend:Increase 259.17% than previous quarter

Overall: increasing (96.15%). 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 561.41 (%).Trend:Decrease 52.74% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 377.85 (%).Trend:Decrease 32.7% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 1428.14 (%).Trend:Increase 277.96% than previous quarter

Overall: increasing (154.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.04 (%).Trend:Decrease 8.03% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.28 (%).Trend:Decrease 3.16% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.78 (%).Trend:Increase 36.51% than previous quarter

Overall: increasing (32.2%). 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 221.35 (%).Trend:Increase 17.84% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 249.36 (%).Trend:Increase 12.65% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 249.01 (%).Trend:Decrease 0.14% than previous quarter

Overall: increasing (12.5%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 3.6 (USD).Trend:Increase 136.84% than previous quarter
Year 2019 Quarter 3: Earning Per Share 5.68 (USD).Trend:Increase 57.78% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.86 (USD).Trend:Decrease 84.86% than previous quarter

Overall: decreasing (-76.11%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2019 to Q1 2020 reveal substantial fluctuations in various financial metrics.  Working capital efficiency (liabilities and current assets) and cost efficiency (ratio of retained earnings to revenue and SG&A) show overall increases, but with significant quarter-to-quarter volatility. Investment efficiency, measured by retained earnings on assets, is consistently increasing with little variation. However, earnings per share shows a significant decrease (-76.11%).