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 28.1 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 18.26 (%).Trend:Decrease 35.02% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 56.29 (%).Trend:Increase 208.27% than previous quarter

Overall: increasing (100.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 110.02 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 66.99 (%).Trend:Decrease 39.11% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 238.04 (%).Trend:Increase 255.34% than previous quarter

Overall: increasing (116.36%). 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 -89.24 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -67.64 (%).Trend:Decrease 24.2% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -203.52 (%).Trend:Increase 200.89% than previous quarter

Overall: decreasing (128.06%). 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 -39.77 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -49.01 (%).Trend:Increase 23.23% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -46.86 (%).Trend:Decrease 4.39% than previous quarter

Overall: decreasing (17.83%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.17 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.31 (USD).Trend:Increase 82.35% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.22 (USD).Trend:Decrease 170.97% than previous quarter

Overall: decreasing (-229.41%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2019 to Q1 2020 show significant fluctuations in working capital and cost efficiency metrics. Liabilities and current assets on revenue both increased overall, with considerable quarter-to-quarter variation. The ratio of retained earnings to revenue is decreasing overall, again with high variability. Investment efficiency, as measured by retained earnings on assets, is decreasing, but with noticeable quarter-to-quarter changes. Earnings per share are decreasing substantially, with significant quarterly fluctuations.