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 46.64 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 25.87 (%).Trend:Decrease 44.53% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 71.73 (%).Trend:Increase 177.27% than previous quarter

Overall: increasing (53.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 100.47 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 62.1 (%).Trend:Decrease 38.19% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 203.54 (%).Trend:Increase 227.76% than previous quarter

Overall: increasing (102.59%). 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 104.24 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 70.37 (%).Trend:Decrease 32.49% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 261.96 (%).Trend:Increase 272.26% than previous quarter

Overall: increasing (151.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.54 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.78 (%).Trend:Decrease 3.23% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.34 (%).Trend:Increase 24.41% than previous quarter

Overall: increasing (20.39%). 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 53.04 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 56.58 (%).Trend:Increase 6.67% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 60.8 (%).Trend:Increase 7.46% than previous quarter

Overall: increasing (14.63%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.89 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 1.62 (USD).Trend:Increase 82.02% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 85.8% than previous quarter

Overall: decreasing (-74.16%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2019 to Q1 2020 displays significant fluctuations.  Working capital metrics (liabilities and current assets on revenue) show a substantial increase, though with very large fluctuations.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows substantial increases but again with very large fluctuations.  SG&A expense ratio shows a moderate increase.  Investment efficiency shows a steady increase in retained earnings on assets.  Earnings per share, however, decreased significantly in Q1 2020.