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 40.17 (%).Trend:Decrease 55.95% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 39.94 (%).Trend:Decrease 0.57% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 191.32 (%).Trend:Increase 379.02% than previous quarter

Overall: increasing (376.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 59.24 (%).Trend:Decrease 54.11% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 51.17 (%).Trend:Decrease 13.62% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 236.49 (%).Trend:Increase 362.17% than previous quarter

Overall: increasing (299.21%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.8 (%).Trend:Increase 1.12% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 40.0 (%).Trend:Increase 3.09% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 52.97 (%).Trend:Increase 32.42% than previous quarter

Overall: increasing (36.52%). 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
Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.72 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.72 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -11.53 (USD).Trend:Decrease 1701.39% than previous quarter

Overall: decreasing (-1701.39%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2019 to Q1 2020 reveals significant variation.  Working capital efficiency increased substantially for both liabilities and current assets on revenue (376.28% and 299.21% respectively).  Cost efficiency shows a general upward trend in the SG&A expense ratio (36.52%). Investment efficiency displays a substantial decline in earnings per share by -1701.39%.