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 108.08 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 56.61 (%).Trend:Decrease 47.62% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 184.71 (%).Trend:Increase 226.29% than previous quarter

Overall: increasing (70.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 131.07 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 53.04 (%).Trend:Decrease 59.53% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 175.88 (%).Trend:Increase 231.6% than previous quarter

Overall: increasing (34.19%). 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 -160.86 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -150.43 (%).Trend:Decrease 6.48% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -438.72 (%).Trend:Increase 191.64% than previous quarter

Overall: decreasing (172.73%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.53 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 37.98 (%).Trend:Increase 20.46% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.16 (%).Trend:Decrease 10.06% than previous quarter

Overall: increasing (8.34%). 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 -41.46 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -63.61 (%).Trend:Increase 53.42% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -65.98 (%).Trend:Increase 3.73% than previous quarter

Overall: decreasing (59.14%). Fluctuation: **Significant** (high variation).

Earning Per Share


The period from Q2 2019 to Q1 2020 witnessed a substantial increase in liabilities and current assets on revenue, suggesting growth in working capital.  However,  the ratio of retained earnings to revenue declined sharply, indicating decreased profitability.  While SG&A expenses showed a slight overall increase, retained earnings on assets experienced a considerable decrease.