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 30.41 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 22.19 (%).Trend:Decrease 27.03% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 60.03 (%).Trend:Increase 170.53% than previous quarter

Overall: increasing (97.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 146.11 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 97.16 (%).Trend:Decrease 33.5% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 271.91 (%).Trend:Increase 179.86% than previous quarter

Overall: increasing (86.1%). 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 118.7 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 82.1 (%).Trend:Decrease 30.83% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 231.34 (%).Trend:Increase 181.78% than previous quarter

Overall: increasing (94.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.67 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.7 (%).Trend:Increase 0.17% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.28 (%).Trend:Decrease 8.02% than previous quarter

Overall: decreasing (-7.87%). 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 32.91 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 34.27 (%).Trend:Increase 4.13% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 35.66 (%).Trend:Increase 4.06% than previous quarter

Overall: increasing (8.36%). Fluctuation: **Little** (low 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 1.79 (USD).Trend:Increase 94.57% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.26 (USD).Trend:Decrease 29.61% than previous quarter

Overall: increasing (36.96%). Fluctuation: **Significant** (high variation).



Q2 2019 to Q1 2020 financial data demonstrates considerable volatility in working capital efficiency (liabilities and current assets on revenue increasing with significant variation).  Cost efficiency (ratio of retained earnings to revenue) shows an overall upward trend (94.89%), also with significant variation.  Investment efficiency shows an increase (8.36%) with low fluctuation, while SG&A shows a slight decrease (-7.87%). Earnings per share also show an increase (36.96%) with substantial quarter-to-quarter volatility.