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 36.06 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 28.52 (%).Trend:Decrease 20.91% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 99.3 (%).Trend:Increase 248.18% than previous quarter

Overall: increasing (175.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 67.99 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 49.0 (%).Trend:Decrease 27.93% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 167.45 (%).Trend:Increase 241.73% than previous quarter

Overall: increasing (146.29%). 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 4.48 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 4.24 (%).Trend:Decrease 5.36% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 11.94 (%).Trend:Increase 181.6% than previous quarter

Overall: increasing (166.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.48 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.48 (%).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.61 (%).Trend:Increase 47.4% than previous quarter

Overall: increasing (47.4%). 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 2.24 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 3.05 (%).Trend:Increase 36.16% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 2.15 (%).Trend:Decrease 29.51% than previous quarter

Overall: decreasing (-4.02%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial statements from Q2 2019 to Q1 2020 exhibit increases in working capital efficiency (measured by liabilities and current assets relative to revenue) and cost efficiency (retained earnings to revenue).  A slight increase in SG&A expense ratio is also observed, but investment efficiency (retained earnings on assets) shows a modest decrease. All metrics display significant volatility.