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 statements from Q2 2019 to Q1 2020 show a mixed performance.  Liabilities and current assets on revenue, as well as the ratio of retained earnings to revenue, showed substantial increases in Q1 2020 with substantial decreases in Q3 2019.  SG&A expenses showed a slightly increasing trend, while investment efficiency exhibited a moderate increase.  Earnings per share saw a significant decrease in Q1 2020, contrasting with modest increases in prior quarters, indicating significant volatility.