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 37.96 (%).Trend:Decrease 52.31% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 26.09 (%).Trend:Decrease 31.27% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 90.82 (%).Trend:Increase 248.1% than previous quarter

Overall: increasing (139.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 64.66 (%).Trend:Decrease 50.91% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 42.58 (%).Trend:Decrease 34.15% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 149.0 (%).Trend:Increase 249.93% than previous quarter

Overall: increasing (130.44%). 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 60.32 (%).Trend:Decrease 50.21% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 40.43 (%).Trend:Decrease 32.97% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 131.06 (%).Trend:Increase 224.17% than previous quarter

Overall: increasing (117.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.29 (%).Trend:Decrease 0.25% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.82 (%).Trend:Decrease 1.93% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.36 (%).Trend:Decrease 1.93% than previous quarter

Overall: decreasing (-3.83%). 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 40.78 (%).Trend:Increase 1.9% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 41.68 (%).Trend:Increase 2.21% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 42.33 (%).Trend:Increase 1.56% than previous quarter

Overall: increasing (3.8%). Fluctuation: **Little** (low variation).

Earning Per Share


Analysis of 2019 Q2 to 2020 Q1 data indicates significant increases in key working capital efficiency metrics. Liabilities on revenue increased (139.25%), and current assets on revenue also increased (130.44%). Cost efficiency shows a large increase in the ratio of retained earnings to revenue (117.27%), but SG&A expenses showed a minor decrease (-3.83%).  Investment efficiency, as measured by retained earnings on assets, showed a small increase (3.8%). Earnings Per Share data is absent.