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 67.79 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 56.43 (%).Trend:Decrease 16.76% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 105.49 (%).Trend:Increase 86.94% than previous quarter

Overall: increasing (55.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 87.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 67.37 (%).Trend:Decrease 22.56% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 147.61 (%).Trend:Increase 119.1% than previous quarter

Overall: increasing (69.67%). 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 8.77 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 5.38 (%).Trend:Decrease 38.65% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 19.86 (%).Trend:Increase 269.14% than previous quarter

Overall: increasing (126.45%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.55 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.36 (%).Trend:Decrease 4.85% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.04 (%).Trend:Decrease 14.21% than previous quarter

Overall: decreasing (-18.37%). 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 8.43 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 6.91 (%).Trend:Decrease 18.03% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 10.51 (%).Trend:Increase 52.1% than previous quarter

Overall: increasing (24.67%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance from Q2 2019 to Q1 2020 reveals substantial variation. Liabilities and current assets on revenue increased, but with significant quarterly fluctuations.  Cost efficiency saw a substantial increase in the ratio of retained earnings to revenue. The SG&A expense ratio, however, decreased with little variation.  Investment efficiency, measured by retained earnings on assets, increased moderately with mixed trends.