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 33.38 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 22.81 (%).Trend:Decrease 31.67% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 109.88 (%).Trend:Increase 381.72% than previous quarter

Overall: increasing (229.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 54.86 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 37.47 (%).Trend:Decrease 31.7% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 122.05 (%).Trend:Increase 225.73% than previous quarter

Overall: increasing (122.48%). 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 32.98 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 22.21 (%).Trend:Decrease 32.66% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 58.21 (%).Trend:Increase 162.09% than previous quarter

Overall: increasing (76.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.48 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.67 (%).Trend:Increase 2.93% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.79 (%).Trend:Increase 1.8% than previous quarter

Overall: increasing (4.78%). 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 11.24 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 11.36 (%).Trend:Increase 1.07% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 9.03 (%).Trend:Decrease 20.51% than previous quarter

Overall: decreasing (-19.66%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.13 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.4 (USD).Trend:Increase 207.69% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.51 (USD).Trend:Decrease 227.5% than previous quarter

Overall: decreasing (-492.31%). Fluctuation: **Significant** (high variation).



Financial performance in Q2 2019 to Q1 2020 was mixed, with significant volatility in some areas. Liabilities and current assets on revenue showed a significant increase, while cost efficiency (ratio of retained earnings to revenue) increased slightly.  SG&A expenses increased modestly.  However, investment efficiency (retained earnings on assets) decreased, and earnings per share had a significant decline. The data suggests uneven performance, with some metrics indicating possible improvement, but significant challenges in profitability and efficiency.