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 37.09 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 24.91 (%).Trend:Decrease 32.84% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 82.4 (%).Trend:Increase 230.79% than previous quarter

Overall: increasing (122.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 85.11 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 58.54 (%).Trend:Decrease 31.22% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 228.73 (%).Trend:Increase 290.72% than previous quarter

Overall: increasing (168.75%). 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 55.34 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 38.13 (%).Trend:Decrease 31.1% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 127.1 (%).Trend:Increase 233.33% than previous quarter

Overall: increasing (129.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.4 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.3 (%).Trend:Decrease 0.75% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.36 (%).Trend:Increase 0.45% than previous quarter

Overall: decreasing (-0.3%). 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 28.75 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 29.54 (%).Trend:Increase 2.75% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 26.19 (%).Trend:Decrease 11.34% than previous quarter

Overall: decreasing (-8.9%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.68 (USD).Trend:Decrease 66.0% than previous quarter

Overall: decreasing (-32.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2019 to Q1 2020 show significant fluctuations in working capital efficiency metrics.  Liabilities and current assets on revenue both increased substantially, but with high volatility, decreasing and increasing in successive quarters. Cost efficiency, measured by the ratio of retained earnings to revenue, also saw substantial increases and decreases, while SG&A expense ratio showed minor changes over time.  Investment efficiency (retained earnings on assets) displayed little fluctuation, while earnings per share saw substantial decreases and increases.