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 26.97 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 19.24 (%).Trend:Decrease 28.66% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 55.35 (%).Trend:Increase 187.68% than previous quarter

Overall: increasing (105.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 75.82 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 45.54 (%).Trend:Decrease 39.94% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 189.89 (%).Trend:Increase 316.97% than previous quarter

Overall: increasing (150.45%). 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 19.14 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 14.62 (%).Trend:Decrease 23.62% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 50.6 (%).Trend:Increase 246.1% than previous quarter

Overall: increasing (164.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 41.91 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.62 (%).Trend:Decrease 0.69% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 45.47 (%).Trend:Increase 9.25% than previous quarter

Overall: increasing (8.49%). 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 5.73 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 6.79 (%).Trend:Increase 18.5% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 6.4 (%).Trend:Decrease 5.74% than previous quarter

Overall: increasing (11.69%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency shows significant fluctuations in liabilities and current assets as a percentage of revenue.  Liabilities on revenue increased sharply in Q1 2020, then decreased and increased again, exhibiting substantial volatility.  Current assets as a percentage of revenue also increased significantly in Q1 2020, then decreased before rising again, indicating similar volatility. Cost efficiency shows a similarly variable trend in retained earnings to revenue, also with a significant upward trend overall.  SG&A expense ratio shows a more gradual increase over the period, with little fluctuation. Investment efficiency, measured by retained earnings on assets, shows a slight overall increase, but also has some volatility.  Earning per share data is not included, as it appears to be zero for all quarters.