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 67.48 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 42.87 (%).Trend:Decrease 36.47% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 194.9 (%).Trend:Increase 354.63% than previous quarter

Overall: increasing (188.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 68.64 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 43.88 (%).Trend:Decrease 36.07% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 208.31 (%).Trend:Increase 374.73% than previous quarter

Overall: increasing (203.48%). 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 -98.4 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -69.08 (%).Trend:Decrease 29.8% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -333.15 (%).Trend:Increase 382.27% than previous quarter

Overall: decreasing (238.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 37.87 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.53 (%).Trend:Increase 1.74% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 55.36 (%).Trend:Increase 43.68% than previous quarter

Overall: increasing (46.18%). 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
Year 2019 Quarter 2: Retained Earning on Assets -75.96 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -80.97 (%).Trend:Increase 6.6% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -97.18 (%).Trend:Increase 20.02% than previous quarter

Overall: decreasing (27.94%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q2 2019 to Q1 2020 shows substantial volatility. Working capital efficiency (liabilities and current assets on revenue) is increasing but with drastic swings. Cost efficiency, represented by the ratio of retained earnings to revenue, shows a significant overall decline.  SG&A expenses are generally increasing. Invest efficiency, measured by retained earnings on assets, is also declining overall but with substantial variation.