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 52.01 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 39.37 (%).Trend:Decrease 24.3% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 102.91 (%).Trend:Increase 161.39% than previous quarter

Overall: increasing (97.87%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 101.72 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 67.75 (%).Trend:Decrease 33.4% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 198.54 (%).Trend:Increase 193.05% than previous quarter

Overall: increasing (95.18%). 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 56.43 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 38.49 (%).Trend:Decrease 31.79% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 100.23 (%).Trend:Increase 160.41% than previous quarter

Overall: increasing (77.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.49 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.14 (%).Trend:Decrease 3.34% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.58 (%).Trend:Decrease 5.52% than previous quarter

Overall: decreasing (-8.67%). 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 21.14 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 21.54 (%).Trend:Increase 1.89% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 18.83 (%).Trend:Decrease 12.58% than previous quarter

Overall: decreasing (-10.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.14 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 1.6 (USD).Trend:Increase 40.35% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.61 (USD).Trend:Decrease 61.88% than previous quarter

Overall: decreasing (-46.49%). Fluctuation: **Significant** (high variation).



Financial review of Q2 2019 to Q1 2020 shows significant fluctuation in working capital efficiency. Liabilities on revenue increased substantially, rising from 52.01% in Q2 2019 to 102.91% in Q1 2020, with a substantial decline to 48.21% in Q2 2020. Current assets on revenue also displayed substantial fluctuation, increasing from 101.72% in Q2 to 198.54% in Q1, then to 113.3 in Q2. Cost efficiency reveals a significant increase in the ratio of retained earnings to revenue, increasing 77.62% in total.  The SG&A expense ratio demonstrates a decreasing trend with little fluctuation.  Investment efficiency shows a moderate decline in retained earnings on assets. Earning per share showed a significant decrease overall, from 1.14 USD in Q2 2019 to 0.61 USD in Q1 2020, reflecting considerable volatility.