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 30.14 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 22.77 (%).Trend:Decrease 24.45% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 67.86 (%).Trend:Increase 198.02% than previous quarter

Overall: increasing (125.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 200.14 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 136.45 (%).Trend:Decrease 31.82% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 425.14 (%).Trend:Increase 211.57% than previous quarter

Overall: increasing (112.42%). 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 69.96 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 46.77 (%).Trend:Decrease 33.15% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 145.66 (%).Trend:Increase 211.44% than previous quarter

Overall: increasing (108.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.44 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.75 (%).Trend:Decrease 3.07% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.4 (%).Trend:Decrease 10.8% than previous quarter

Overall: decreasing (-13.55%). 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 23.56 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 23.54 (%).Trend:Decrease 0.08% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 23.97 (%).Trend:Increase 1.83% than previous quarter

Overall: increasing (1.74%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.09 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 1.77 (USD).Trend:Increase 62.39% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.8 (USD).Trend:Decrease 54.8% than previous quarter

Overall: decreasing (-26.61%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations in both liabilities and current assets as a percentage of revenue. Cost efficiency demonstrates a slight overall decrease in SG&A expense, but a highly volatile retained earnings to revenue ratio. Investment efficiency shows consistent growth in retained earnings on assets. Earning per share, however, experienced a significant decline followed by an increase in the analyzed period.  These findings suggest significant short-term variations, potentially requiring further analysis to understand the underlying drivers.