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 36.24 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 27.93 (%).Trend:Decrease 22.93% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 198.17 (%).Trend:Increase 609.52% than previous quarter

Overall: increasing (446.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 11.04 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 7.11 (%).Trend:Decrease 35.6% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 143.79 (%).Trend:Increase 1922.36% than previous quarter

Overall: increasing (1202.45%). 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 58.99 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 41.03 (%).Trend:Decrease 30.45% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 244.0 (%).Trend:Increase 494.69% than previous quarter

Overall: increasing (313.63%). 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 18.7 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 17.99 (%).Trend:Decrease 3.8% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 15.21 (%).Trend:Decrease 15.45% than previous quarter

Overall: decreasing (-18.66%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 2.07 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 2.19 (USD).Trend:Increase 5.8% than previous quarter
Year 2020 Quarter 1: Earning Per Share -1.37 (USD).Trend:Decrease 162.56% than previous quarter

Overall: decreasing (-166.18%). Fluctuation: **Significant** (high variation).



Financial data from Q2 2019 to Q1 2020 shows a pattern of significant fluctuations in several key areas.  Working capital efficiency, measured by liabilities and current assets on revenue, surged considerably in Q1 2020, while cost efficiency, reflected in the ratio of retained earnings to revenue, also experienced a dramatic increase in Q1 2020. However, investment efficiency, in terms of retained earnings on assets, declined steadily. Earnings per share also significantly decreased in Q1 2020.  This analysis suggests a period of high volatility with substantial changes in revenue, profitability, and investment management throughout the period.