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 66.23 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 32.09 (%).Trend:Decrease 51.55% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 83.15 (%).Trend:Increase 159.11% than previous quarter

Overall: increasing (25.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 255.23 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 155.11 (%).Trend:Decrease 39.23% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 532.54 (%).Trend:Increase 243.33% than previous quarter

Overall: increasing (108.65%). 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 379.37 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 258.64 (%).Trend:Decrease 31.82% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 776.7 (%).Trend:Increase 200.3% than previous quarter

Overall: increasing (104.73%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.41 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.76 (%).Trend:Increase 2.13% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.75 (%).Trend:Decrease 0.06% than previous quarter

Overall: increasing (2.07%). 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 41.68 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 44.06 (%).Trend:Increase 5.71% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 46.55 (%).Trend:Increase 5.65% than previous quarter

Overall: increasing (11.68%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for Q2 2019 to Q1 2020 show an increase in liabilities on revenue and current assets on revenue, but the increases were highly variable.  The ratio of retained earnings to revenue also increased, but again with significant quarter-to-quarter volatility. SG&A expense ratio showed a more consistent upward trend.  Investment efficiency (retained earnings on assets) also increased consistently. The overall picture indicates substantial volatility, particularly in working capital efficiency metrics.