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 74.48 (%).Trend:Decrease 47.61% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 50.55 (%).Trend:Decrease 32.13% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 127.82 (%).Trend:Increase 152.86% than previous quarter

Overall: increasing (71.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 128.39 (%).Trend:Decrease 51.51% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 73.42 (%).Trend:Decrease 42.81% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 370.52 (%).Trend:Increase 404.66% than previous quarter

Overall: increasing (188.59%). 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 106.45 (%).Trend:Decrease 52.84% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 64.96 (%).Trend:Decrease 38.98% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 144.26 (%).Trend:Increase 122.08% than previous quarter

Overall: increasing (35.52%). 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 47.32 (%).Trend:Decrease 5.66% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 44.97 (%).Trend:Decrease 4.97% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 25.99 (%).Trend:Decrease 42.21% than previous quarter

Overall: decreasing (-45.08%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -0.77 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -1.16 (USD).Trend:Increase 50.65% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.32 (USD).Trend:Decrease 72.41% than previous quarter

Overall: increasing (-58.44%). Fluctuation: **Significant** (high variation).



Financial data from Q2 2019 to Q1 2020 highlight significant volatility in various financial metrics. Working capital efficiency, with liabilities and current assets as a percentage of revenue, displays an upward trend with considerable fluctuations. Cost efficiency (retained earnings to revenue) also exhibits a slight upward trend despite substantial variation. Investment efficiency shows a clear decreasing trend with high fluctuation, while earnings per share show an increasing trend, albeit with significant volatility. These findings underscore the need for further investigation to determine the contributing factors.