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 62.96 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 41.3 (%).Trend:Decrease 34.4% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 58.18 (%).Trend:Increase 40.87% than previous quarter

Overall: decreasing (-7.59%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 290.65 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 169.94 (%).Trend:Decrease 41.53% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 518.19 (%).Trend:Increase 204.93% than previous quarter

Overall: increasing (78.29%). 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 426.54 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 287.65 (%).Trend:Decrease 32.56% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 971.68 (%).Trend:Increase 237.8% than previous quarter

Overall: increasing (127.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 80.54 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 81.82 (%).Trend:Increase 1.59% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 86.0 (%).Trend:Increase 5.11% than previous quarter

Overall: increasing (6.78%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -6.61 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -3.59 (USD).Trend:Decrease 45.69% than previous quarter
Year 2020 Quarter 1: Earning Per Share 3.14 (USD).Trend:Decrease 187.47% than previous quarter

Overall: increasing (-147.5%). Fluctuation: **Significant** (high variation).



Working capital efficiency demonstrates mixed results for 2019 Q2 to 2020 Q1. Liabilities on revenue decreased slightly, while current assets on revenue increased substantially. Cost efficiency, as measured by the retained earnings to revenue ratio, increased significantly, indicating improved profitability.  Investment efficiency shows a consistent, low-variation increase in retained earnings on assets. Earnings per share, however, fluctuated drastically, with a significant overall increase, but significant variability in trend. Further analysis is necessary to identify underlying factors influencing these fluctuations.