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 102.34 (%).Trend:Decrease 57.55% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 68.08 (%).Trend:Decrease 33.48% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 231.12 (%).Trend:Increase 239.48% than previous quarter

Overall: increasing (125.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 108.67 (%).Trend:Decrease 45.74% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 73.4 (%).Trend:Decrease 32.46% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 287.18 (%).Trend:Increase 291.25% than previous quarter

Overall: increasing (164.27%). 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 -67.58 (%).Trend:Decrease 56.26% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -41.52 (%).Trend:Decrease 38.56% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -117.7 (%).Trend:Increase 183.48% than previous quarter

Overall: decreasing (74.16%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.42 (%).Trend:Decrease 21.46% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.06 (%).Trend:Decrease 9.43% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.09 (%).Trend:Decrease 7.43% than previous quarter

Overall: decreasing (-16.16%). 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 -19.87 (%).Trend:Decrease 3.03% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -18.87 (%).Trend:Decrease 5.03% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -16.39 (%).Trend:Decrease 13.14% than previous quarter

Overall: increasing (-17.51%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -6.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -5.54 (USD).Trend:Decrease 7.67% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.09 (USD).Trend:Decrease 101.62% than previous quarter

Overall: increasing (-101.5%). Fluctuation: **Significant** (high variation).



The period from Q2 2019 to Q1 2020 shows substantial volatility. Liabilities and Current Assets on Revenue both increased dramatically (125.84% and 164.27%), yet the Ratio of Retained Earnings to Revenue decreased significantly (-74.16%).  The SG&A expense ratio decreased moderately. Retained Earnings on Assets increased, although with significant fluctuation.  Earnings Per Share also increased significantly (-101.5%) showing high variability.