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 60.8 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 32.27 (%).Trend:Decrease 46.92% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 126.18 (%).Trend:Increase 291.01% than previous quarter

Overall: increasing (107.53%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 191.53 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 105.34 (%).Trend:Decrease 45.0% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 298.89 (%).Trend:Increase 183.74% than previous quarter

Overall: increasing (56.05%). 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 -39.46 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -24.94 (%).Trend:Decrease 36.8% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -65.24 (%).Trend:Increase 161.59% than previous quarter

Overall: decreasing (65.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.39 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.93 (%).Trend:Decrease 10.15% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.02 (%).Trend:Increase 0.7% than previous quarter

Overall: decreasing (-9.52%). 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 -8.6 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -9.42 (%).Trend:Increase 9.53% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -9.18 (%).Trend:Decrease 2.55% than previous quarter

Overall: decreasing (6.74%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -0.69 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -0.78 (USD).Trend:Increase 13.04% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 129.49% than previous quarter

Overall: increasing (-133.33%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2019 to Q1 2020 show significant quarter-to-quarter fluctuations in key metrics.  Liabilities on revenue increased overall.  Current assets on revenue similarly increased overall, showing substantial volatility. The ratio of retained earnings to revenue decreased overall but with significant quarterly changes. SG&A expenses showed a slight overall decrease with moderate variation. Retained earnings on assets and earnings per share also showed substantial fluctuations.  These indicate substantial instability in financial performance and potentially require deeper investigation for long-term strategic direction.