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 70.6 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 51.84 (%).Trend:Decrease 26.57% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 151.65 (%).Trend:Increase 192.53% than previous quarter

Overall: increasing (114.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 76.45 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 54.33 (%).Trend:Decrease 28.93% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 151.75 (%).Trend:Increase 179.31% than previous quarter

Overall: increasing (98.5%). 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 89.27 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 59.42 (%).Trend:Decrease 33.44% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 162.24 (%).Trend:Increase 173.04% than previous quarter

Overall: increasing (81.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.48 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.75 (%).Trend:Decrease 3.4% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.12 (%).Trend:Decrease 7.86% than previous quarter

Overall: decreasing (-10.99%). 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 39.76 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 39.04 (%).Trend:Decrease 1.81% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 37.2 (%).Trend:Decrease 4.71% than previous quarter

Overall: decreasing (-6.44%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for Q2 2019 to Q1 2020 reveal considerable volatility in working capital efficiency. Liabilities and current assets on revenue increase significantly in Q1 2020, though decrease in Q3 2019, then demonstrate considerable fluctuations.  Cost efficiency (ratio of retained earnings to revenue) also shows a notable overall increase, with significant volatility. The selling, general, and administrative (SG&A) expense ratio exhibits a modest overall decrease with low fluctuations. Investment efficiency (retained earnings on assets) shows a slight overall decrease with limited quarter-to-quarter variation.