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 36.24 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 27.93 (%).Trend:Decrease 22.93% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 198.17 (%).Trend:Increase 609.52% than previous quarter

Overall: increasing (446.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 11.04 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 7.11 (%).Trend:Decrease 35.6% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 143.79 (%).Trend:Increase 1922.36% than previous quarter

Overall: increasing (1202.45%). 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 58.99 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 41.03 (%).Trend:Decrease 30.45% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 244.0 (%).Trend:Increase 494.69% than previous quarter

Overall: increasing (313.63%). 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 18.7 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 17.99 (%).Trend:Decrease 3.8% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 15.21 (%).Trend:Decrease 15.45% than previous quarter

Overall: decreasing (-18.66%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 2.07 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 2.19 (USD).Trend:Increase 5.8% than previous quarter
Year 2020 Quarter 1: Earning Per Share -1.37 (USD).Trend:Decrease 162.56% than previous quarter

Overall: decreasing (-166.18%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2019 to Q1 2020 reveals significant fluctuations across various metrics.  Working capital efficiency, particularly liabilities and current assets as a percentage of revenue, exhibited substantial growth in Q1 2020. Cost efficiency, as reflected in the ratio of retained earnings to revenue, also showed a sharp increase in Q1 2020.  However, investment efficiency, calculated as retained earnings relative to assets, declined slightly overall. Earnings per share decreased drastically, showcasing substantial instability. The overall picture suggests a period of considerable volatility and potentially unsustainable growth.