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 35.56 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 15.67 (%).Trend:Decrease 55.93% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 51.11 (%).Trend:Increase 226.16% than previous quarter

Overall: increasing (43.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 114.74 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 72.87 (%).Trend:Decrease 36.49% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 203.57 (%).Trend:Increase 179.36% than previous quarter

Overall: increasing (77.42%). 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 -17.6 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -6.49 (%).Trend:Decrease 63.12% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -1.63 (%).Trend:Decrease 74.88% than previous quarter

Overall: increasing (-90.74%). 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 -8.15 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -4.69 (%).Trend:Decrease 42.45% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -0.4 (%).Trend:Decrease 91.47% than previous quarter

Overall: increasing (-95.09%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.47 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.84 (USD).Trend:Increase 78.72% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 78.57% than previous quarter

Overall: decreasing (-61.7%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2019 to Q1 2020 reveal substantial fluctuation. Liabilities on revenue show a significant initial decrease, followed by a large increase. Current assets on revenue exhibit a similar pattern. Cost efficiency shows a very volatile increase in the ratio of retained earnings to revenue.  Invest efficiency demonstrates a strong overall increase but with highly variable quarterly changes. Earnings per share also display significant quarter-to-quarter fluctuation and a net decrease overall.