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 32.15 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 23.29 (%).Trend:Decrease 27.56% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 62.93 (%).Trend:Increase 170.2% than previous quarter

Overall: increasing (95.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 48.79 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 35.18 (%).Trend:Decrease 27.9% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 89.61 (%).Trend:Increase 154.72% than previous quarter

Overall: increasing (83.66%). 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 -477.77 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -315.34 (%).Trend:Decrease 34.0% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -932.36 (%).Trend:Increase 195.67% than previous quarter

Overall: decreasing (95.15%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.14 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.11 (%).Trend:Decrease 0.25% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.27 (%).Trend:Increase 1.32% than previous quarter

Overall: increasing (1.07%). 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 -85.19 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -73.17 (%).Trend:Decrease 14.11% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -77.17 (%).Trend:Increase 5.47% than previous quarter

Overall: increasing (-9.41%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q2 2019 to Q1 2020 shows substantial fluctuation in key financial metrics. Working capital efficiency demonstrates increases in liabilities and current assets on revenue. Cost efficiency indicates a significant negative trend in the ratio of retained earnings to revenue.  The Selling, General & Administrative (SG&A) expense ratio exhibits a small increase. Investment efficiency shows an overall increase in retained earnings on assets, though with significant volatility.