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 16.46 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 11.02 (%).Trend:Decrease 33.05% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 30.14 (%).Trend:Increase 173.5% than previous quarter

Overall: increasing (83.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 50.36 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 32.69 (%).Trend:Decrease 35.09% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 100.53 (%).Trend:Increase 207.53% than previous quarter

Overall: increasing (99.62%). 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 -17.5 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -11.98 (%).Trend:Decrease 31.54% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -38.27 (%).Trend:Increase 219.45% than previous quarter

Overall: decreasing (118.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.04 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.29 (%).Trend:Increase 2.26% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.75 (%).Trend:Increase 4.07% than previous quarter

Overall: increasing (6.43%). Fluctuation: **Little** (low 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 -21.77 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -22.6 (%).Trend:Increase 3.81% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -23.88 (%).Trend:Increase 5.66% than previous quarter

Overall: decreasing (9.69%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -0.04 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -0.8 (USD).Trend:Increase 1900.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 90.0% than previous quarter

Overall: decreasing (100.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2019 to Q1 2020 exhibit high volatility. Working capital efficiency, with both liabilities and current assets on revenue increasing, displays major fluctuations. Cost efficiency, indicated by the ratio of retained earnings to revenue, is decreasing. Investment efficiency, measured by retained earnings on assets, shows a slight decreasing trend. Earnings per share is declining with substantial variation.  SG&A expense ratio displays minimal fluctuation with a slight increasing trend. The considerable fluctuations highlight potential risks.