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 27.79 (%).Trend:Decrease 100.0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 17.08 (%).Trend:Decrease 38.54% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 58.97 (%).Trend:Increase 245.26% than previous quarter

Overall: increasing (112.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 64.07 (%).Trend:Decrease 100.0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 38.33 (%).Trend:Decrease 40.17% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 116.18 (%).Trend:Increase 203.1% than previous quarter

Overall: increasing (81.33%). 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 1.46 (%).Trend:Decrease 100.0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 1.98 (%).Trend:Increase 35.62% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -67.37 (%).Trend:Decrease 3502.53% than previous quarter

Overall: decreasing (-4714.38%). 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 1.06 (%).Trend:Decrease 196.36% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 2.19 (%).Trend:Increase 106.6% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -26.09 (%).Trend:Decrease 1291.32% than previous quarter

Overall: decreasing (-2561.32%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q2 2019 to Q1 2020 reveals significant volatility across key metrics.  Liabilities and current assets on revenue increased, but with substantial fluctuation.  Conversely, cost efficiency (retained earnings to revenue) decreased dramatically (4714.38%).  Investment efficiency also decreased substantially (2561.32%).  The overall trend points towards instability in financial performance, needing further review.