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 60.12 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 42.76 (%).Trend:Decrease 28.88% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 114.59 (%).Trend:Increase 167.98% than previous quarter

Overall: increasing (90.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 155.29 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 107.73 (%).Trend:Decrease 30.63% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 271.92 (%).Trend:Increase 152.41% than previous quarter

Overall: increasing (75.1%). 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 -27.69 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -24.15 (%).Trend:Decrease 12.78% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -58.39 (%).Trend:Increase 141.78% than previous quarter

Overall: decreasing (110.87%). 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 -8.9 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -11.29 (%).Trend:Increase 26.85% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -10.45 (%).Trend:Decrease 7.44% than previous quarter

Overall: decreasing (17.42%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.14 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -0.08 (USD).Trend:Decrease 157.14% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.08 (USD).Trend:Decrease 200.0% than previous quarter

Overall: decreasing (-42.86%). Fluctuation: **Significant** (high variation).



Working capital efficiency, measured by liabilities on revenue, increased significantly from Q2 2019 to Q1 2020, fluctuating from 60.12% to 114.59%. Current assets on revenue also increased substantially from 155.29% to 271.92% with substantial fluctuation. Cost efficiency, measured by the ratio of retained earnings to revenue, exhibits a decreasing trend, fluctuating from -27.69% to -58.39%. Investment efficiency, as measured by retained earnings on assets, decreased with significant fluctuation throughout the period. Earnings per share also decreased significantly, from 0.14 USD to 0.08 USD in Q1 2020, with substantial quarterly fluctuations. Further investigation is warranted to pinpoint the causes of these variations.