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 64.36 (%).Trend:Decrease 53.59% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 40.49 (%).Trend:Decrease 37.09% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 111.14 (%).Trend:Increase 174.49% than previous quarter

Overall: increasing (72.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 133.93 (%).Trend:Decrease 53.67% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 84.97 (%).Trend:Decrease 36.56% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 245.8 (%).Trend:Increase 189.28% than previous quarter

Overall: increasing (83.53%). 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 -263.47 (%).Trend:Decrease 54.83% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -157.8 (%).Trend:Decrease 40.11% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -388.19 (%).Trend:Increase 146.0% than previous quarter

Overall: decreasing (47.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.81 (%).Trend:Decrease 4.12% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.82 (%).Trend:Decrease 7.73% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.14 (%).Trend:Decrease 5.75% than previous quarter

Overall: decreasing (-13.04%). 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 -144.75 (%).Trend:Decrease 3.81% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -138.3 (%).Trend:Decrease 4.46% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -118.23 (%).Trend:Decrease 14.51% than previous quarter

Overall: increasing (-18.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.05 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.16 (USD).Trend:Increase 220.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.14 (USD).Trend:Decrease 12.5% than previous quarter

Overall: increasing (180.0%). Fluctuation: **Significant** (high variation).



Significant fluctuations characterize the financial performance from Q2 2019 to Q1 2020. Liabilities and current assets on revenue increased substantially by 72.68% and 83.53% respectively.  While the ratio of retained earnings to revenue decreased overall,  SG&A expenses decreased consistently. Retained earnings on assets improved, and earnings per share increased significantly, though with substantial volatility.