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 48.05 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 32.93 (%).Trend:Decrease 31.47% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 101.22 (%).Trend:Increase 207.38% than previous quarter

Overall: increasing (110.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 59.54 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 37.54 (%).Trend:Decrease 36.95% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 279.76 (%).Trend:Increase 645.23% than previous quarter

Overall: increasing (369.87%). 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 5.89 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 4.93 (%).Trend:Decrease 16.3% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 23.17 (%).Trend:Increase 369.98% than previous quarter

Overall: increasing (293.38%). 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 1.27 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 1.66 (%).Trend:Increase 30.71% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 1.84 (%).Trend:Increase 10.84% than previous quarter

Overall: increasing (44.88%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis from Q2 2019 to Q1 2020 shows substantial increases in working capital efficiency (liabilities and current assets relative to revenue).  Cost efficiency, measured by the ratio of retained earnings to revenue, is increasing, but with dramatic volatility, peaking in Q1 2020. Invest efficiency, measured by retained earnings on assets, shows a more neutral trend with modest increases across the quarters.  Overall, while some improvements are seen, the significant fluctuations remain a crucial concern in these financial metrics.