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 129.16 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 117.36 (%).Trend:Decrease 9.14% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 229.25 (%).Trend:Increase 95.34% than previous quarter

Overall: increasing (77.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 158.44 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 131.65 (%).Trend:Decrease 16.91% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 297.22 (%).Trend:Increase 125.77% than previous quarter

Overall: increasing (87.59%). 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 387.14 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 288.3 (%).Trend:Decrease 25.53% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 826.41 (%).Trend:Increase 186.65% than previous quarter

Overall: increasing (113.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.47 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.42 (%).Trend:Decrease 2.47% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.51 (%).Trend:Decrease 4.61% than previous quarter

Overall: decreasing (-6.97%). 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 91.74 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 94.17 (%).Trend:Increase 2.65% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 106.27 (%).Trend:Increase 12.85% than previous quarter

Overall: increasing (15.84%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.12 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.1 (USD).Trend:Decrease 16.67% than previous quarter
Year 2020 Quarter 1: Earning Per Share -1.22 (USD).Trend:Decrease 1320.0% than previous quarter

Overall: decreasing (-1116.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2019 to Q1 2020 show significant variation.  Working capital efficiency, measured by liabilities on revenue and current assets on revenue, increased substantially (77.49% and 87.59%, respectively). Cost efficiency, as reflected in the ratio of retained earnings to revenue, also increased dramatically (113.47%).  SG&A expense ratio, however, decreased slightly (-6.97%).  Investment efficiency, calculated by retained earnings on assets, increased moderately (15.84%), but earnings per share decreased significantly (-1116.67%).