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 35.05 (%).Trend:Decrease 52.47% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 23.5 (%).Trend:Decrease 32.95% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 72.26 (%).Trend:Increase 207.49% than previous quarter

Overall: increasing (106.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 41.85 (%).Trend:Decrease 50.76% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 27.59 (%).Trend:Decrease 34.07% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 87.78 (%).Trend:Increase 218.16% than previous quarter

Overall: increasing (109.75%). 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 21.73 (%).Trend:Decrease 45.63% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 15.15 (%).Trend:Decrease 30.28% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 44.35 (%).Trend:Increase 192.74% than previous quarter

Overall: increasing (104.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 36.23 (%).Trend:Increase 6.18% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 38.0 (%).Trend:Increase 4.89% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 35.82 (%).Trend:Decrease 5.74% than previous quarter

Overall: decreasing (-1.13%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 66.67% than previous quarter

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency in Q2 2019 to Q1 2020 shows a significant increase in liabilities and current assets on revenue. The ratio of retained earnings to revenue displays a similar pattern of significant fluctuation, increasing markedly in Q1 2020.  Invest efficiency (retained earnings on assets) trends downwards slightly, with minimal fluctuations, in the same timeframe.  Earnings per share, however, are highly variable, increasing in 2019, and declining sharply in Q1 2020.