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 46.61 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 30.7 (%).Trend:Decrease 34.13% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 93.36 (%).Trend:Increase 204.1% than previous quarter

Overall: increasing (100.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 70.31 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 45.55 (%).Trend:Decrease 35.22% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 139.98 (%).Trend:Increase 207.31% than previous quarter

Overall: increasing (99.09%). 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 -0.57 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -3.15 (%).Trend:Increase 452.63% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -19.99 (%).Trend:Increase 534.6% than previous quarter

Overall: decreasing (3407.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.8 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.73 (%).Trend:Decrease 2.5% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.52 (%).Trend:Decrease 7.69% than previous quarter

Overall: decreasing (-10.0%). 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 -0.2 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -1.72 (%).Trend:Increase 760.0% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -3.49 (%).Trend:Increase 102.91% than previous quarter

Overall: decreasing (1645.0%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q2 2019 to Q1 2020 indicates substantial, fluctuating changes in working capital efficiency, with notable increases in both liabilities and current assets on revenue. Cost efficiency, however, exhibits a dramatic drop in the ratio of retained earnings and a slight decline in SG&A expenses. Investment efficiency shows significant decreases in retained earnings on assets.