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 45.26 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 28.91 (%).Trend:Decrease 36.12% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 104.84 (%).Trend:Increase 262.64% than previous quarter

Overall: increasing (131.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 186.89 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 118.53 (%).Trend:Decrease 36.58% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 334.32 (%).Trend:Increase 182.06% than previous quarter

Overall: increasing (78.89%). 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 -405.48 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -273.87 (%).Trend:Decrease 32.46% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -908.14 (%).Trend:Increase 231.6% than previous quarter

Overall: decreasing (123.97%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.43 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.64 (%).Trend:Decrease 3.87% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.15 (%).Trend:Increase 7.69% than previous quarter

Overall: increasing (3.52%). 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 -77.62 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -80.72 (%).Trend:Increase 3.99% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -95.16 (%).Trend:Increase 17.89% than previous quarter

Overall: decreasing (22.6%). Fluctuation: **Significant** (high variation).

Earning Per Share


The analysis of Q2 2019 to Q1 2020 demonstrates substantial volatility.  Liabilities and current assets on revenue both increased dramatically, indicating potential growth but raising concerns about the sustainability of this growth.  However, the ratio of retained earnings to revenue worsened significantly, with only a small increase in SG&A expenses.  Retained earnings on assets also decreased.