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 29.57 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 22.57 (%).Trend:Decrease 23.67% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 81.79 (%).Trend:Increase 262.38% than previous quarter

Overall: increasing (176.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 51.13 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 36.47 (%).Trend:Decrease 28.67% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 122.71 (%).Trend:Increase 236.47% than previous quarter

Overall: increasing (140.0%). 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 76.9 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 49.92 (%).Trend:Decrease 35.08% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 163.89 (%).Trend:Increase 228.31% than previous quarter

Overall: increasing (113.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 51.34 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 50.78 (%).Trend:Decrease 1.09% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 54.36 (%).Trend:Increase 7.05% than previous quarter

Overall: increasing (5.88%). 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 51.99 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 50.78 (%).Trend:Decrease 2.33% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 51.15 (%).Trend:Increase 0.73% than previous quarter

Overall: decreasing (-1.62%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency, particularly liabilities and current assets on revenue, demonstrates a substantial increase (176.6% and 140.0%, respectively) with large variations over the three quarters from Q2 2019 to Q1 2020. Cost efficiency reveals an increase in the ratio of retained earnings to revenue (113.12%), while the Selling, General, and Administrative (SG&A) expense ratio sees a more moderate rise (5.88%) and little fluctuation.  Investment efficiency shows a minor decrease (-1.62%) in retained earnings on assets, again displaying limited fluctuation.