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 36.91 (%).Trend:Decrease 51.45% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 23.46 (%).Trend:Decrease 36.44% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 71.16 (%).Trend:Increase 203.32% than previous quarter

Overall: increasing (92.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 66.59 (%).Trend:Decrease 52.34% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 45.11 (%).Trend:Decrease 32.26% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 144.16 (%).Trend:Increase 219.57% than previous quarter

Overall: increasing (116.49%). 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 51.82 (%).Trend:Decrease 49.11% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 34.14 (%).Trend:Decrease 34.12% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 26.91 (%).Trend:Decrease 21.18% than previous quarter

Overall: decreasing (-48.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 22.43 (%).Trend:Increase 3.08% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 22.17 (%).Trend:Decrease 1.16% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 6.34 (%).Trend:Decrease 71.4% than previous quarter

Overall: decreasing (-71.73%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -2.0 (USD).Trend:Decrease 200.0% than previous quarter

Overall: decreasing (-300.0%). Fluctuation: **Significant** (high variation).



The financial analysis from Q2 2019 to Q1 2020 reveals high volatility in several key areas.  Liabilities and current assets on revenue show increases, but with significant fluctuations. Cost efficiency, measured by the ratio of retained earnings to revenue, is consistently decreasing. Investment efficiency and earnings per share demonstrate considerable declines. The data indicates a period of substantial financial instability with notable variations across various metrics.