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 70.35 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 38.81 (%).Trend:Decrease 44.83% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 77.55 (%).Trend:Increase 99.82% than previous quarter

Overall: increasing (10.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 29.04 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 19.09 (%).Trend:Decrease 34.26% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 68.68 (%).Trend:Increase 259.77% than previous quarter

Overall: increasing (136.5%). 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 98.27 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 66.76 (%).Trend:Decrease 32.06% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 212.76 (%).Trend:Increase 218.69% than previous quarter

Overall: increasing (116.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.46 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.44 (%).Trend:Decrease 0.19% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.85 (%).Trend:Increase 3.93% than previous quarter

Overall: increasing (3.73%). 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 22.68 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 23.09 (%).Trend:Increase 1.81% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 23.72 (%).Trend:Increase 2.73% than previous quarter

Overall: increasing (4.59%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.51 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 2.44 (USD).Trend:Increase 61.59% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.77 (USD).Trend:Decrease 68.44% than previous quarter

Overall: decreasing (-49.01%). Fluctuation: **Significant** (high variation).



Financial statements reveal significant volatility across various metrics. Working capital efficiency, characterized by fluctuating liabilities and current assets on revenue, indicates instability. Cost efficiency shows a slight overall increase in SG&A expense ratio, with minimal fluctuation.  Invest efficiency demonstrates a consistent upward trend in retained earnings on assets.  Conversely, earnings per share display significant volatility, declining overall.