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 41.03 (%).Trend:Decrease 100.0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 30.3 (%).Trend:Decrease 26.15% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 88.01 (%).Trend:Increase 190.46% than previous quarter

Overall: increasing (114.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 65.13 (%).Trend:Decrease 100.0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 43.61 (%).Trend:Decrease 33.04% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 221.67 (%).Trend:Increase 408.3% than previous quarter

Overall: increasing (240.35%). 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 94.26 (%).Trend:Decrease 100.0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 63.0 (%).Trend:Decrease 33.16% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 180.21 (%).Trend:Increase 186.05% than previous quarter

Overall: increasing (91.18%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.78 (%).Trend:Decrease 100.0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.57 (%).Trend:Decrease 1.64% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.53 (%).Trend:Decrease 8.27% than previous quarter

Overall: decreasing (-9.78%). 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 62.89 (%).Trend:Increase 2.41% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 63.03 (%).Trend:Increase 0.22% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 44.14 (%).Trend:Decrease 29.97% than previous quarter

Overall: decreasing (-29.81%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Analysis of Q2 2019 to Q1 2020 reveals significant increases in liabilities on revenue (114.5%), current assets on revenue (240.35%), and the ratio of retained earnings to revenue (91.18%), all with high fluctuation.  The SG&A expense ratio decreased (-9.78%) with low fluctuation. Retained earnings on assets decreased (-29.81%) with moderate fluctuation.