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 46.33 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 48.63 (%).Trend:Increase 4.96% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 135.86 (%).Trend:Increase 179.37% than previous quarter

Overall: increasing (193.24%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 112.07 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 74.66 (%).Trend:Decrease 33.38% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 315.54 (%).Trend:Increase 322.64% than previous quarter

Overall: increasing (181.56%). 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 43.72 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 27.57 (%).Trend:Decrease 36.94% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 92.13 (%).Trend:Increase 234.17% than previous quarter

Overall: increasing (110.73%). 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 14.02 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 13.32 (%).Trend:Decrease 4.99% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 12.5 (%).Trend:Decrease 6.16% than previous quarter

Overall: decreasing (-10.84%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.52 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.38 (USD).Trend:Decrease 26.92% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.03 (USD).Trend:Decrease 107.89% than previous quarter

Overall: decreasing (-105.77%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2019 through Q1 2020 reveals a complex picture. Working capital efficiency metrics (liabilities and current assets on revenue) increased significantly with high variability, while cost efficiency (ratio of retained earnings to revenue) also increased considerably but with significant variation.  Investment efficiency (retained earnings on assets) saw a slight decrease with little fluctuation, while earnings per share experienced a marked decline with high volatility.