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 35.56 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 15.67 (%).Trend:Decrease 55.93% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 51.11 (%).Trend:Increase 226.16% than previous quarter

Overall: increasing (43.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 114.74 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 72.87 (%).Trend:Decrease 36.49% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 203.57 (%).Trend:Increase 179.36% than previous quarter

Overall: increasing (77.42%). 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 -17.6 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -6.49 (%).Trend:Decrease 63.12% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -1.63 (%).Trend:Decrease 74.88% than previous quarter

Overall: increasing (-90.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -8.15 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -4.69 (%).Trend:Decrease 42.45% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -0.4 (%).Trend:Decrease 91.47% than previous quarter

Overall: increasing (-95.09%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.47 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.84 (USD).Trend:Increase 78.72% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 78.57% than previous quarter

Overall: decreasing (-61.7%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2019 to Q1 2020 reveals significant volatility across key financial metrics. Liabilities and current assets on revenue both display substantial increases and decreases. The ratio of retained earnings to revenue shows an overall upward trend, yet with large variations. Invest efficiency demonstrates similar fluctuations. Earnings per share also show significant, fluctuating changes. Overall, these financial statements indicate a high level of instability in performance.