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 51.2 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 32.64 (%).Trend:Decrease 36.25% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 86.33 (%).Trend:Increase 164.49% than previous quarter

Overall: increasing (68.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 80.88 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 53.85 (%).Trend:Decrease 33.42% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 229.71 (%).Trend:Increase 326.57% than previous quarter

Overall: increasing (184.01%). 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 -55.69 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -31.53 (%).Trend:Decrease 43.38% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -103.81 (%).Trend:Increase 229.24% than previous quarter

Overall: decreasing (86.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.53 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.17 (%).Trend:Decrease 0.93% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 43.74 (%).Trend:Increase 14.59% than previous quarter

Overall: increasing (13.52%). 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 -39.88 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -34.71 (%).Trend:Decrease 12.96% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -27.16 (%).Trend:Decrease 21.75% than previous quarter

Overall: increasing (-31.9%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.29 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.54 (USD).Trend:Increase 86.21% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.1 (USD).Trend:Decrease 81.48% than previous quarter

Overall: decreasing (-65.52%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2019 to Q1 2020 shows considerable volatility. Revenue-related liabilities and current assets experienced significant increases, although with substantial fluctuations.  Cost efficiency, as measured by the retained earnings to revenue ratio, decreased sharply with high variation. SG&A expenses showed a slight increase. Investment efficiency and earnings per share declined significantly with substantial fluctuations.