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 29.57 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 22.57 (%).Trend:Decrease 23.67% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 81.79 (%).Trend:Increase 262.38% than previous quarter

Overall: increasing (176.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 51.13 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 36.47 (%).Trend:Decrease 28.67% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 122.71 (%).Trend:Increase 236.47% than previous quarter

Overall: increasing (140.0%). 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 76.9 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 49.92 (%).Trend:Decrease 35.08% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 163.89 (%).Trend:Increase 228.31% than previous quarter

Overall: increasing (113.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 51.34 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 50.78 (%).Trend:Decrease 1.09% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 54.36 (%).Trend:Increase 7.05% than previous quarter

Overall: increasing (5.88%). 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 51.99 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 50.78 (%).Trend:Decrease 2.33% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 51.15 (%).Trend:Increase 0.73% than previous quarter

Overall: decreasing (-1.62%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q2 2019 to Q1 2020 reveals significant increases in working capital efficiency, with both liabilities and current assets on revenue rising substantially (176.6% and 140%, respectively). Cost efficiency also shows a significant increase in the ratio of retained earnings to revenue (113.12%). Conversely, investment efficiency shows a small decrease in retained earnings on assets (-1.62%).  SG&A expense ratio displays a modest, albeit positive, overall increase (5.88%).