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 40.21 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 27.92 (%).Trend:Decrease 30.56% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 91.16 (%).Trend:Increase 226.5% than previous quarter

Overall: increasing (126.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 69.91 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 46.87 (%).Trend:Decrease 32.96% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 168.36 (%).Trend:Increase 259.21% than previous quarter

Overall: increasing (140.82%). 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 130.15 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 90.49 (%).Trend:Decrease 30.47% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 289.38 (%).Trend:Increase 219.79% than previous quarter

Overall: increasing (122.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.59 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.57 (%).Trend:Decrease 0.11% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.23 (%).Trend:Increase 15.14% than previous quarter

Overall: increasing (15.01%). 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 22.7 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 23.12 (%).Trend:Increase 1.85% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 23.95 (%).Trend:Increase 3.59% than previous quarter

Overall: increasing (5.51%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.54 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.83 (USD).Trend:Increase 53.7% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.27 (USD).Trend:Decrease 67.47% than previous quarter

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2019 to Q1 2020 shows significant volatility in several key financial metrics. Liabilities and current assets on revenue demonstrate substantial fluctuations, increasing overall with large swings quarter-to-quarter. Cost efficiency, measured by the ratio of retained earnings to revenue, also experiences significant quarter-to-quarter variability. Selling, general, and administrative (SG&A) expenses show little variation overall. Investment efficiency, as measured by retained earnings on assets, displays a consistent upward trend with small quarter-to-quarter changes. Earnings per share, however, decline substantially in Q1 2020 after an initial upward trend, indicating significant volatility. The significant fluctuation across the metrics suggests further investigation is required to understand the underlying causes and their potential impact on the financial health of the company.