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 65.28 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 46.27 (%).Trend:Decrease 29.12% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 101.23 (%).Trend:Increase 118.78% than previous quarter

Overall: increasing (55.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 215.57 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 158.09 (%).Trend:Decrease 26.66% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 501.88 (%).Trend:Increase 217.46% than previous quarter

Overall: increasing (132.82%). 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 332.56 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 245.33 (%).Trend:Decrease 26.23% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 769.52 (%).Trend:Increase 213.67% than previous quarter

Overall: increasing (131.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.24 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.88 (%).Trend:Increase 11.65% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.81 (%).Trend:Decrease 3.07% than previous quarter

Overall: increasing (8.23%). 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 67.86 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 67.79 (%).Trend:Decrease 0.1% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 66.45 (%).Trend:Decrease 1.98% than previous quarter

Overall: decreasing (-2.08%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency, cost efficiency, and investment efficiency are all experiencing significant fluctuations over the three quarters (Q2 2019 - Q1 2020).  Liabilities on revenue increased from 65.28% to 101.23% then decreased to 53.78%.  Current assets on revenue showed a similar trend, rising sharply from 215.57% to 501.88% before falling to 261.24%.  The ratio of retained earnings to revenue also fluctuated considerably, from 332.56% to 769.52% and then down to 403.26%.  SG&A expense ratio showed relatively stable increases over this period with little overall fluctuation.  Retained earnings on assets declined slightly throughout the three quarters.  Overall, financial performance reveals significant variation in working capital, cost and investment efficiency.