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 25.51 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 18.2 (%).Trend:Decrease 28.66% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 49.98 (%).Trend:Increase 174.62% than previous quarter

Overall: increasing (95.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 60.72 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 39.31 (%).Trend:Decrease 35.26% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 163.75 (%).Trend:Increase 316.56% than previous quarter

Overall: increasing (169.68%). 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 144.52 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 97.0 (%).Trend:Decrease 32.88% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 283.24 (%).Trend:Increase 192.0% than previous quarter

Overall: increasing (95.99%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.88 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.86 (%).Trend:Decrease 0.08% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.06 (%).Trend:Increase 23.98% than previous quarter

Overall: increasing (23.88%). Fluctuation: **Neutral** (moderate 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 137.28 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 141.51 (%).Trend:Increase 3.08% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 118.43 (%).Trend:Decrease 16.31% than previous quarter

Overall: decreasing (-13.73%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 9.0 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 13.0 (USD).Trend:Increase 44.44% than previous quarter
Year 2020 Quarter 1: Earning Per Share 3.0 (USD).Trend:Decrease 76.92% than previous quarter

Overall: decreasing (-66.67%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2019 to Q1 2020 indicates substantial volatility. Working capital efficiency (liabilities and current assets on revenue), cost efficiency (ratio of retained earnings to revenue), and SG&A expense ratio all show increases, though with marked fluctuations. Investment efficiency, measured by retained earnings on assets, displays a decrease.  Earning per share experienced a notable decrease with significant variation.