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 26.49 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 16.64 (%).Trend:Decrease 37.18% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 76.39 (%).Trend:Increase 359.07% than previous quarter

Overall: increasing (188.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 86.77 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 56.31 (%).Trend:Decrease 35.1% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 246.27 (%).Trend:Increase 337.35% than previous quarter

Overall: increasing (183.82%). 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 -1.93 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -17.03 (%).Trend:Increase 782.38% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -414.46 (%).Trend:Increase 2333.71% than previous quarter

Overall: decreasing (21374.61%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.29 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.79 (%).Trend:Increase 16.35% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.96 (%).Trend:Increase 17.82% than previous quarter

Overall: increasing (37.08%). 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 -0.82 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -11.52 (%).Trend:Increase 1304.88% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -90.96 (%).Trend:Increase 689.58% than previous quarter

Overall: decreasing (10992.68%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -0.07 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -3.24 (USD).Trend:Increase 4528.57% than previous quarter
Year 2020 Quarter 1: Earning Per Share -10.52 (USD).Trend:Increase 224.69% than previous quarter

Overall: decreasing (14928.57%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased dramatically from Q2 2019 to Q1 2020, then decreased and increased again. Similarly, current assets on revenue increased substantially, followed by a significant decrease and increase. Cost efficiency is also highly variable. The ratio of retained earnings to revenue decreased significantly, and selling, general, and administrative (SG&A) expense ratio increased steadily. Investment efficiency shows a consistent decline with significant fluctuations. Earnings per share also show a substantial decrease with significant fluctuations. Overall, the financial performance displays significant volatility.