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 37.05 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 22.88 (%).Trend:Decrease 38.25% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 130.4 (%).Trend:Increase 469.93% than previous quarter

Overall: increasing (251.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 104.35 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 74.11 (%).Trend:Decrease 28.98% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 436.46 (%).Trend:Increase 488.94% than previous quarter

Overall: increasing (318.27%). 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 52.48 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 35.39 (%).Trend:Decrease 32.56% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 53.94 (%).Trend:Increase 52.42% than previous quarter

Overall: increasing (2.78%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.79 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.13 (%).Trend:Increase 23.14% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.84 (%).Trend:Increase 52.03% than previous quarter

Overall: increasing (87.22%). Fluctuation: **Significant** (high 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 21.01 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 19.28 (%).Trend:Decrease 8.23% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 6.01 (%).Trend:Decrease 68.83% than previous quarter

Overall: decreasing (-71.39%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q2 2019 to Q1 2020 show a volatile pattern with significant fluctuations. Liabilities and current assets on revenue display dramatic increases in Q1 2020.  Cost efficiency (ratio of retained earnings to revenue) is slightly up but with considerable variation. SG&A expense ratios show a marked increase. Investment efficiency, measured by retained earnings on assets, declined substantially.