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 34.41 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 23.3 (%).Trend:Decrease 32.29% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 76.02 (%).Trend:Increase 226.27% than previous quarter

Overall: increasing (120.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 90.61 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 59.94 (%).Trend:Decrease 33.85% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 192.98 (%).Trend:Increase 221.96% than previous quarter

Overall: increasing (112.98%). 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 17.15 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 12.47 (%).Trend:Decrease 27.29% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -202.06 (%).Trend:Decrease 1720.37% than previous quarter

Overall: decreasing (-1278.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.58 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.66 (%).Trend:Increase 0.35% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29.89 (%).Trend:Increase 31.91% than previous quarter

Overall: increasing (32.37%). 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 5.07 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 5.6 (%).Trend:Increase 10.45% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -42.42 (%).Trend:Decrease 857.5% than previous quarter

Overall: decreasing (-936.69%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency shows significant fluctuation. Liabilities on revenue increased significantly from Q2 2019 to Q1 2020, then decreased before increasing again. Current assets on revenue also exhibited a substantial increase, followed by decreases. Cost efficiency is declining sharply, with the ratio of retained earnings to revenue falling dramatically.  SG&A expense ratio is increasing.  Investment efficiency is also decreasing sharply.  Overall, the financial performance reveals significant volatility across all areas of analysis.