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 46.61 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 30.7 (%).Trend:Decrease 34.13% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 93.36 (%).Trend:Increase 204.1% than previous quarter

Overall: increasing (100.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 70.31 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 45.55 (%).Trend:Decrease 35.22% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 139.98 (%).Trend:Increase 207.31% than previous quarter

Overall: increasing (99.09%). 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 -0.57 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -3.15 (%).Trend:Increase 452.63% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -19.99 (%).Trend:Increase 534.6% than previous quarter

Overall: decreasing (3407.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.8 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.73 (%).Trend:Decrease 2.5% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.52 (%).Trend:Decrease 7.69% than previous quarter

Overall: decreasing (-10.0%). Fluctuation: **Little** (low 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 -0.2 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -1.72 (%).Trend:Increase 760.0% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -3.49 (%).Trend:Increase 102.91% than previous quarter

Overall: decreasing (1645.0%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q2 2019 to Q1 2020 shows a significant increase in liabilities and current assets on revenue, indicating potential overextension. Cost efficiency is marred by a significant decrease in the ratio of retained earnings to revenue, and a modest decrease in SG&A expenses. Investment efficiency is characterized by significant decreasing retained earnings on assets. High volatility is observed across most metrics.