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 47.33 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 29.88 (%).Trend:Decrease 36.87% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 92.0 (%).Trend:Increase 207.9% than previous quarter

Overall: increasing (94.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 66.99 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 41.51 (%).Trend:Decrease 38.04% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 123.33 (%).Trend:Increase 197.11% than previous quarter

Overall: increasing (84.1%). 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 32.7 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 21.9 (%).Trend:Decrease 33.03% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 70.59 (%).Trend:Increase 222.33% than previous quarter

Overall: increasing (115.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.31 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.11 (%).Trend:Decrease 3.17% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.97 (%).Trend:Decrease 2.29% than previous quarter

Overall: decreasing (-5.39%). 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 26.01 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 27.14 (%).Trend:Increase 4.34% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 28.59 (%).Trend:Increase 5.34% than previous quarter

Overall: increasing (9.92%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.39 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 1.09 (USD).Trend:Increase 179.49% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 107.34% than previous quarter

Overall: decreasing (-120.51%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2019 to Q1 2020 demonstrates considerable volatility. Working capital metrics (liabilities and current assets on revenue) display significant fluctuations, increasing overall. Cost efficiency (ratio of retained earnings to revenue) shows a similar pattern. SG&A expenses decrease slightly. Investment efficiency (retained earnings on assets) rises steadily.  Earnings per share see a substantial decline from Q3 2019 to Q1 2020, presenting a considerable challenge.