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 39.28 (%).Trend:Decrease 52.27% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 25.25 (%).Trend:Decrease 35.72% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 87.22 (%).Trend:Increase 245.43% than previous quarter

Overall: increasing (122.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 40.4 (%).Trend:Decrease 52.3% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 26.25 (%).Trend:Decrease 35.02% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 92.28 (%).Trend:Increase 251.54% than previous quarter

Overall: increasing (128.42%). 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 14.46 (%).Trend:Decrease 50.73% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 9.71 (%).Trend:Decrease 32.85% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 25.41 (%).Trend:Increase 161.69% than previous quarter

Overall: increasing (75.73%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.83 (%).Trend:Increase 4.74% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.88 (%).Trend:Increase 0.46% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.22 (%).Trend:Increase 12.32% than previous quarter

Overall: increasing (12.83%). 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 17.56 (%).Trend:Increase 3.66% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 18.17 (%).Trend:Increase 3.47% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 14.75 (%).Trend:Decrease 18.82% than previous quarter

Overall: decreasing (-16.0%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -4.0 (USD).Trend:Decrease 300.0% than previous quarter

Overall: decreasing (-500.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2019 to Q1 2020 show significant fluctuations in working capital efficiency metrics. Liabilities and current assets on revenue both increased substantially, with Q1 2020 showing a significant jump compared to previous quarters.  Cost efficiency, measured by the ratio of retained earnings to revenue, also saw large increases and decreases across the three quarters.  SG&A expense ratio showed a steady increase.  Investment efficiency, as measured by retained earnings on assets, decreased in Q1 2020.  Earnings per share showed a dramatic drop in Q1 2020, declining from a positive value to a negative value, indicating a significant operational issue.