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 51.2 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 32.64 (%).Trend:Decrease 36.25% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 86.33 (%).Trend:Increase 164.49% than previous quarter

Overall: increasing (68.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 80.88 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 53.85 (%).Trend:Decrease 33.42% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 229.71 (%).Trend:Increase 326.57% than previous quarter

Overall: increasing (184.01%). 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 -55.69 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -31.53 (%).Trend:Decrease 43.38% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -103.81 (%).Trend:Increase 229.24% than previous quarter

Overall: decreasing (86.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.53 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.17 (%).Trend:Decrease 0.93% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 43.74 (%).Trend:Increase 14.59% than previous quarter

Overall: increasing (13.52%). 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 -39.88 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -34.71 (%).Trend:Decrease 12.96% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -27.16 (%).Trend:Decrease 21.75% than previous quarter

Overall: increasing (-31.9%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.29 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.54 (USD).Trend:Increase 86.21% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.1 (USD).Trend:Decrease 81.48% than previous quarter

Overall: decreasing (-65.52%). Fluctuation: **Significant** (high variation).



Financial results from Q2 2019 to Q1 2020 show significant volatility.  Liability and current asset ratios on revenue increased substantially, though with substantial fluctuations.  The ratio of retained earnings to revenue decreased markedly but experienced high volatility. SG&A expense ratio exhibited a slight increase, while investment efficiency (retained earnings on assets) and earnings per share both showed substantial decreases and large fluctuations.