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 1151.52 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 799.87 (%).Trend:Decrease 30.54% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 1879.61 (%).Trend:Increase 134.99% than previous quarter

Overall: increasing (63.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 6094.18 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 4462.95 (%).Trend:Decrease 26.77% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 7688.67 (%).Trend:Increase 72.28% than previous quarter

Overall: increasing (26.16%). 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 -51728.81 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -26683.67 (%).Trend:Decrease 48.42% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -66228.48 (%).Trend:Increase 148.2% than previous quarter

Overall: decreasing (28.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1650.14 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1385.66 (%).Trend:Decrease 16.03% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1204.85 (%).Trend:Decrease 13.05% than previous quarter

Overall: decreasing (-26.98%). 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
Year 2019 Quarter 2: Retained Earning on Assets -736.77 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -538.65 (%).Trend:Decrease 26.89% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -634.6 (%).Trend:Increase 17.81% than previous quarter

Overall: increasing (-13.87%). Fluctuation: **Significant** (high variation).

Earning Per Share


Q2 2019 through Q1 2020 financial analysis shows significant volatility. Liabilities on revenue increased by 63.23%, but with notable quarter-to-quarter variation. Current assets on revenue increased by 26.16%, with substantial fluctuation.  The ratio of retained earnings to revenue decreased by 28.03%, and shows significant change.  The SG&A expense ratio decreased by 26.98%, with moderate fluctuations.  Invest efficiency shows a 13.87% increase in retained earnings on assets, but considerable quarter-to-quarter variations.