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 56.32 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 36.44 (%).Trend:Decrease 35.3% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 123.65 (%).Trend:Increase 239.32% than previous quarter

Overall: increasing (119.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 128.15 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 83.28 (%).Trend:Decrease 35.01% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 271.17 (%).Trend:Increase 225.61% than previous quarter

Overall: increasing (111.6%). 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 191.9 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 126.92 (%).Trend:Decrease 33.86% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 409.36 (%).Trend:Increase 222.53% than previous quarter

Overall: increasing (113.32%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.81 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.77 (%).Trend:Decrease 0.18% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.24 (%).Trend:Increase 19.63% than previous quarter

Overall: increasing (19.42%). 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 74.83 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 76.63 (%).Trend:Increase 2.41% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 76.89 (%).Trend:Increase 0.34% than previous quarter

Overall: increasing (2.75%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q2 2019 to Q1 2020 reveals substantial increases in working capital efficiency metrics, along with notable fluctuations. Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all experienced significant increases, with substantial volatility.  While the Selling, General & Administrative (SG&A) expense ratio also increased, it exhibited a more stable upward trend.  Investment efficiency, as measured by retained earnings on assets, showed a small, steady increase.  The large fluctuations across most metrics warrant further investigation into underlying causes.