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 46.73 (%).Trend:Increase 64.77% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 30.98 (%).Trend:Decrease 33.7% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 96.88 (%).Trend:Increase 212.72% than previous quarter

Overall: increasing (107.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 61.74 (%).Trend:Increase 58.31% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 40.69 (%).Trend:Decrease 34.09% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 142.25 (%).Trend:Increase 249.59% than previous quarter

Overall: increasing (130.4%). 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 49.28 (%).Trend:Increase 57.19% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 32.99 (%).Trend:Decrease 33.06% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 94.26 (%).Trend:Increase 185.72% than previous quarter

Overall: increasing (91.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.67 (%).Trend:Increase 1.84% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.7 (%).Trend:Decrease 4.28% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.66 (%).Trend:Increase 4.42% than previous quarter

Overall: decreasing (-0.04%). 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 32.53 (%).Trend:Decrease 10.53% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 33.61 (%).Trend:Increase 3.32% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 29.67 (%).Trend:Decrease 11.72% than previous quarter

Overall: decreasing (-8.79%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.14 (USD).Trend:Decrease 36.36% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.33 (USD).Trend:Increase 135.71% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.23 (USD).Trend:Decrease 169.7% than previous quarter

Overall: decreasing (-264.29%). Fluctuation: **Significant** (high variation).



From Q2 2019 to Q1 2020, Liabilities on Revenue, Current Assets on Revenue, and Ratio of Retained Earnings to Revenue all showed significant increases with high fluctuations.  Conversely, Retained Earning on Assets and Earning Per Share decreased significantly, also with high variation.  SG&A Expense Ratio showed little fluctuation with a slight overall decrease.