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 27.11 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 18.17 (%).Trend:Decrease 32.98% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 55.79 (%).Trend:Increase 207.04% than previous quarter

Overall: increasing (105.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 29.88 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 18.58 (%).Trend:Decrease 37.82% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 68.53 (%).Trend:Increase 268.84% than previous quarter

Overall: increasing (129.35%). 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 57.59 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 39.95 (%).Trend:Decrease 30.63% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 131.34 (%).Trend:Increase 228.76% than previous quarter

Overall: increasing (128.06%). 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 37.26 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 37.74 (%).Trend:Increase 1.29% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 37.17 (%).Trend:Decrease 1.51% than previous quarter

Overall: decreasing (-0.24%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 2.29 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 3.56 (USD).Trend:Increase 55.46% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.08 (USD).Trend:Decrease 69.66% than previous quarter

Overall: decreasing (-52.84%). Fluctuation: **Significant** (high variation).



Financial review of Q2 2019 to Q1 2020 reveals a pattern of substantial fluctuations across key financial metrics.  Working capital efficiency, cost efficiency (retained earnings/revenue), and earnings per share all show increases, but with extremely high quarter-to-quarter variation. Conversely, investment efficiency (retained earnings on assets) shows a modest decrease with little volatility.  The data suggests a high degree of variability and calls for further analysis to understand underlying causes and potential outliers.