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 31.66 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 22.38 (%).Trend:Decrease 29.31% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 97.96 (%).Trend:Increase 337.71% than previous quarter

Overall: increasing (209.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 71.42 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 46.98 (%).Trend:Decrease 34.22% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 155.94 (%).Trend:Increase 231.93% than previous quarter

Overall: increasing (118.34%). 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 -49.95 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -34.14 (%).Trend:Decrease 31.65% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -100.81 (%).Trend:Increase 195.28% than previous quarter

Overall: decreasing (101.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.07 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.77 (%).Trend:Decrease 1.15% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.45 (%).Trend:Decrease 1.24% than previous quarter

Overall: decreasing (-2.38%). 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 -38.69 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -38.12 (%).Trend:Decrease 1.47% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -35.32 (%).Trend:Decrease 7.35% than previous quarter

Overall: increasing (-8.71%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q2 2019 to Q1 2020 show significant fluctuations. Liabilities on revenue increased substantially in Q1 2020, after decreasing in Q3 2019. Current assets on revenue also increased significantly in Q1 2020, after decreasing in Q3 2019. Cost efficiency, as represented by the ratio of retained earnings to revenue, reveals a significant overall decrease. The selling, general, and administrative (SG&A) expense ratio showed a small decrease overall. Investment efficiency, measured by retained earnings on assets, experienced a slight net increase, although with significant fluctuations across the quarters.