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 31.33 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 19.93 (%).Trend:Decrease 36.39% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 54.61 (%).Trend:Increase 174.01% than previous quarter

Overall: increasing (74.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 49.45 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 32.02 (%).Trend:Decrease 35.25% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 83.38 (%).Trend:Increase 160.4% than previous quarter

Overall: increasing (68.61%). 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 -84.91 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -55.12 (%).Trend:Decrease 35.08% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -198.75 (%).Trend:Increase 260.58% than previous quarter

Overall: decreasing (134.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.93 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.05 (%).Trend:Decrease 11.1% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.8 (%).Trend:Decrease 3.55% than previous quarter

Overall: decreasing (-14.25%). 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 -14.93 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -15.23 (%).Trend:Increase 2.01% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -18.76 (%).Trend:Increase 23.18% than previous quarter

Overall: decreasing (25.65%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.35 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.65 (USD).Trend:Increase 85.71% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.25 (USD).Trend:Decrease 138.46% than previous quarter

Overall: decreasing (-171.43%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2019 to Q1 2020 reveals significant fluctuations in working capital efficiency metrics. Liabilities and current assets on revenue show substantial increases, while the ratio of retained earnings to revenue decreased significantly. SG&A expense ratio shows a slight decrease, with low variation. Invest efficiency and earnings per share also display substantial decreases and considerable variation.