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 44.93 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 31.88 (%).Trend:Decrease 29.05% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 80.79 (%).Trend:Increase 153.42% than previous quarter

Overall: increasing (79.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 67.87 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 45.27 (%).Trend:Decrease 33.3% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 134.5 (%).Trend:Increase 197.11% than previous quarter

Overall: increasing (98.17%). 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 39.5 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 29.61 (%).Trend:Decrease 25.04% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 102.92 (%).Trend:Increase 247.59% than previous quarter

Overall: increasing (160.56%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.63 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.49 (%).Trend:Decrease 0.46% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.24 (%).Trend:Increase 12.3% than previous quarter

Overall: increasing (11.79%). 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 7.1 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 8.31 (%).Trend:Increase 17.04% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 10.21 (%).Trend:Increase 22.86% than previous quarter

Overall: increasing (43.8%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.92 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 1.41 (USD).Trend:Increase 53.26% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.37 (USD).Trend:Decrease 73.76% than previous quarter

Overall: decreasing (-59.78%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2019 to Q1 2020 reveals a mixed bag of results. Revenue-related metrics (liabilities and current assets) saw substantial changes, with a notable increase in Q1 2020.  The ratio of retained earnings to revenue also exhibited significant growth in Q1 2020, after a previous decrease in Q3 2019. SG&A expense trended slightly upward.  Investment efficiency showed a moderate increase, while earnings per share experienced a substantial decline. This complex picture necessitates further investigation to identify underlying drivers.