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 43.34 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 29.61 (%).Trend:Decrease 31.68% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 101.41 (%).Trend:Increase 242.49% than previous quarter

Overall: increasing (133.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 140.66 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 91.51 (%).Trend:Decrease 34.94% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 381.24 (%).Trend:Increase 316.61% than previous quarter

Overall: increasing (171.04%). 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 8.13 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -64.87 (%).Trend:Decrease 897.91% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -296.72 (%).Trend:Increase 357.41% than previous quarter

Overall: decreasing (-3749.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.48 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.81 (%).Trend:Increase 1.3% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.94 (%).Trend:Increase 27.62% than previous quarter

Overall: increasing (29.28%). 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 2.31 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -40.94 (%).Trend:Decrease 1872.29% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -47.31 (%).Trend:Increase 15.56% than previous quarter

Overall: decreasing (-2148.05%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -0.2 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -5.04 (USD).Trend:Increase 2420.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.33 (USD).Trend:Decrease 93.45% than previous quarter

Overall: decreasing (65.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation. Liabilities on revenue increased substantially from Q2 2019 to Q1 2020, then decreased and increased again, resulting in a net increase. Similarly, current assets on revenue saw a significant increase overall.  Cost efficiency is also volatile, with the ratio of retained earnings to revenue decreasing drastically, although SG&A expense ratio shows a more stable increase.  Investment efficiency is markedly decreasing overall, and earnings per share show a consistent negative trend with large fluctuations.  Overall, the financial performance from Q2 2019 to Q1 2020 exhibits significant volatility.