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 39.48 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 28.7 (%).Trend:Decrease 27.3% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 90.05 (%).Trend:Increase 213.76% than previous quarter

Overall: increasing (128.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 41.78 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 30.31 (%).Trend:Decrease 27.45% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 111.56 (%).Trend:Increase 268.06% than previous quarter

Overall: increasing (167.02%). 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 -13.98 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -14.83 (%).Trend:Increase 6.08% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -54.72 (%).Trend:Increase 268.98% than previous quarter

Overall: decreasing (291.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.83 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.18 (%).Trend:Increase 3.56% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.11 (%).Trend:Increase 18.96% than previous quarter

Overall: increasing (23.19%). Fluctuation: **Neutral** (moderate 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 -11.02 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -17.14 (%).Trend:Increase 55.54% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -19.0 (%).Trend:Increase 10.85% than previous quarter

Overall: decreasing (72.41%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -0.75 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -3.28 (USD).Trend:Increase 337.33% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.25 (USD).Trend:Decrease 92.38% than previous quarter

Overall: increasing (-66.67%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased substantially (128.09%) from Q2 2019 to Q1 2020, but then decreased in Q3.  Current assets on revenue also saw significant increases (167.02%) with similar fluctuating patterns.  Cost efficiency shows a significant decrease (291.42%) in the ratio of retained earnings to revenue, while the SG&A expense ratio shows a more moderate increase (23.19%).  Investment efficiency displays a significant decrease (72.41%) in retained earnings on assets.  Earnings per share also show high variation, increasing from Q2 2019 to Q1 2020 with considerable fluctuations.