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 34.46 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 24.59 (%).Trend:Decrease 28.64% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 142.38 (%).Trend:Increase 479.02% than previous quarter

Overall: increasing (313.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 45.21 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 31.02 (%).Trend:Decrease 31.39% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 248.98 (%).Trend:Increase 702.64% than previous quarter

Overall: increasing (450.72%). 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 29.64 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 19.5 (%).Trend:Decrease 34.21% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 97.39 (%).Trend:Increase 399.44% than previous quarter

Overall: increasing (228.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.79 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.09 (%).Trend:Increase 2.03% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.54 (%).Trend:Increase 49.37% than previous quarter

Overall: increasing (52.4%). Fluctuation: **Neutral** (moderate 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 25.18 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 24.08 (%).Trend:Decrease 4.37% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 16.73 (%).Trend:Decrease 30.52% than previous quarter

Overall: decreasing (-33.56%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 2.31 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 3.35 (USD).Trend:Increase 45.02% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.87 (USD).Trend:Decrease 125.97% than previous quarter

Overall: decreasing (-137.66%). Fluctuation: **Significant** (high variation).



Key findings from Q2 2019 to Q1 2020 reveal significant upward trends in working capital efficiency metrics (liabilities and current assets on revenue) and cost efficiency (retained earnings on revenue).  However,  SG&A expense ratio increased moderately, while retained earnings on assets decreased substantially (-33.56%).  A dramatic drop (-137.66%) in earnings per share signals serious concern. The overall volatility across metrics suggests potential operational instability.