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 113.11 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 17.97 (%).Trend:Decrease 84.11% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 68.28 (%).Trend:Increase 279.97% than previous quarter

Overall: decreasing (-39.63%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 135.3 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 37.5 (%).Trend:Decrease 72.28% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 138.88 (%).Trend:Increase 270.35% than previous quarter

Overall: increasing (2.65%). 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 176.17 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 122.64 (%).Trend:Decrease 30.39% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 310.45 (%).Trend:Increase 153.14% than previous quarter

Overall: increasing (76.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.09 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.97 (%).Trend:Decrease 6.19% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.99 (%).Trend:Decrease 17.56% than previous quarter

Overall: decreasing (-22.66%). Fluctuation: **Neutral** (moderate 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 47.92 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 64.27 (%).Trend:Increase 34.12% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 48.55 (%).Trend:Decrease 24.46% than previous quarter

Overall: increasing (1.31%). 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 3.0 (USD).Trend:Increase 200.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -4.0 (USD).Trend:Decrease 233.33% than previous quarter

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



Financial statements from Q2 2019 to Q1 2020 show significant volatility in key metrics. Liabilities on revenue are decreasing, but with major fluctuations. Current assets on revenue, however, are on the rise, yet also with significant volatility. Cost efficiency, as measured by the retained earnings to revenue ratio, is increasing dramatically, while SG&A expenses are decreasing. Investment efficiency (retained earnings on assets) shows moderate fluctuation.  Earnings per share, though initially positive, experienced a dramatic drop, indicating a substantial shift in financial performance.