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 47.15 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 32.08 (%).Trend:Decrease 31.96% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 109.4 (%).Trend:Increase 241.02% than previous quarter

Overall: increasing (132.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 73.22 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 47.3 (%).Trend:Decrease 35.4% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 138.02 (%).Trend:Increase 191.8% than previous quarter

Overall: increasing (88.5%). 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 16.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 10.14 (%).Trend:Decrease 36.62% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 25.33 (%).Trend:Increase 149.8% than previous quarter

Overall: increasing (58.31%). 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 9.2 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 8.77 (%).Trend:Decrease 4.67% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 6.51 (%).Trend:Decrease 25.77% than previous quarter

Overall: decreasing (-29.24%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.11 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.15 (USD).Trend:Increase 36.36% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.71 (USD).Trend:Decrease 573.33% than previous quarter

Overall: decreasing (-745.45%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2019 to Q1 2020 reveals significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased substantially, from 47.15% to 109.4%, exhibiting high variation. Current assets on revenue also showed significant increases from 73.22% to 138.02%, with substantial volatility.  Cost efficiency, measured by the ratio of retained earnings to revenue, followed a similar pattern of significant increases and decreases, fluctuating between 16.0% and 25.33% overall. Investment efficiency, as measured by retained earnings on assets, decreased from 9.2% to 6.51% overall. Earnings per share saw a sharp decline from 0.11 USD to -0.71 USD, indicating significant negative financial performance.  Overall, the data suggests volatile financial performance with a pattern of increasing and decreasing trends.