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 123.23 (%).Trend:Decrease 40.48% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 70.65 (%).Trend:Decrease 42.67% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 55.9 (%).Trend:Decrease 20.88% than previous quarter

Overall: decreasing (-54.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 540.59 (%).Trend:Decrease 51.02% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 287.1 (%).Trend:Decrease 46.89% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 208.63 (%).Trend:Decrease 27.33% than previous quarter

Overall: decreasing (-61.41%). 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 -5416.78 (%).Trend:Decrease 44.27% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -2868.73 (%).Trend:Decrease 47.04% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -2250.65 (%).Trend:Decrease 21.55% than previous quarter

Overall: increasing (-58.45%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 165.67 (%).Trend:Increase 4.85% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 128.23 (%).Trend:Decrease 22.6% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.05 (%).Trend:Decrease 74.23% than previous quarter

Overall: decreasing (-80.05%). Fluctuation: **Significant** (high 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 -798.89 (%).Trend:Increase 12.5% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -806.75 (%).Trend:Increase 0.98% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -875.39 (%).Trend:Increase 8.51% than previous quarter

Overall: decreasing (9.58%). Fluctuation: **Significant** (high variation).

Earning Per Share


From Q2 2019 to Q1 2020, significant decreases were observed in liabilities on revenue (-54.64%) and current assets on revenue (-61.41%).  Cost efficiency shows a substantial improvement (less negative) in the ratio of retained earnings to revenue (-58.45%), but a dramatic decrease in the SG&A expense ratio (-80.05%). Investment efficiency reveals a decrease in retained earnings on assets (-9.58%) with significant fluctuations.