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 37.55 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 25.79 (%).Trend:Decrease 31.32% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 80.1 (%).Trend:Increase 210.59% than previous quarter

Overall: increasing (113.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 89.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 60.24 (%).Trend:Decrease 32.31% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 196.81 (%).Trend:Increase 226.71% than previous quarter

Overall: increasing (121.13%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.74 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.69 (%).Trend:Decrease 0.47% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.17 (%).Trend:Increase 4.49% than previous quarter

Overall: increasing (4.0%). 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
Earning Per Share


Q2 2019 to Q1 2020 financial statements show substantial fluctuations in working capital.  Both liabilities and current assets on revenue increased, but with considerable volatility. Cost efficiency, measured by the SG&A expense ratio, displays a slight overall increase with little fluctuation.  The lack of data on investment and earnings per share limits a thorough analysis.  The large variability in working capital and other key metrics warrants further investigation to identify the underlying factors.