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 40.17 (%).Trend:Decrease 55.95% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 39.94 (%).Trend:Decrease 0.57% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 191.32 (%).Trend:Increase 379.02% than previous quarter

Overall: increasing (376.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 59.24 (%).Trend:Decrease 54.11% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 51.17 (%).Trend:Decrease 13.62% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 236.49 (%).Trend:Increase 362.17% than previous quarter

Overall: increasing (299.21%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.8 (%).Trend:Increase 1.12% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 40.0 (%).Trend:Increase 3.09% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 52.97 (%).Trend:Increase 32.42% than previous quarter

Overall: increasing (36.52%). 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
Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.72 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.72 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -11.53 (USD).Trend:Decrease 1701.39% than previous quarter

Overall: decreasing (-1701.39%). Fluctuation: **Significant** (high variation).



Financial data from Q2 2019 to Q1 2020 shows increasing working capital efficiency, as both liabilities and current assets on revenue increased substantially.  Cost efficiency also displays an upward trend in the SG&A expense ratio, which is neutral in terms of fluctuation.  In contrast, investment efficiency shows a steep decline in earnings per share.