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 83.48 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 58.68 (%).Trend:Decrease 29.71% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 183.13 (%).Trend:Increase 212.08% than previous quarter

Overall: increasing (119.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 169.34 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 110.16 (%).Trend:Decrease 34.95% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 297.5 (%).Trend:Increase 170.06% than previous quarter

Overall: increasing (75.68%). 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 18.27 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 12.22 (%).Trend:Decrease 33.11% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 26.49 (%).Trend:Increase 116.78% than previous quarter

Overall: increasing (44.99%). 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 8.63 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 8.9 (%).Trend:Increase 3.13% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 7.07 (%).Trend:Decrease 20.56% than previous quarter

Overall: decreasing (-18.08%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -6.4 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -6.01 (USD).Trend:Decrease 6.09% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.35 (USD).Trend:Decrease 105.82% than previous quarter

Overall: increasing (-105.47%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2019 to Q1 2020 shows significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased substantially (119.37%) with high variation. Current assets on revenue also increased (75.68%) but with similar significant fluctuations. Cost efficiency, measured by the ratio of retained earnings to revenue, also exhibited significant fluctuation (44.99%). Investment efficiency, as measured by retained earnings on assets, decreased by 18.08% with moderate variation. Earnings per share saw a significant increase overall (-105.47%), indicating a high degree of fluctuation.