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 316.7 (%).Trend:Decrease 56.73% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 188.03 (%).Trend:Decrease 40.63% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 268.15 (%).Trend:Increase 42.61% than previous quarter

Overall: decreasing (-15.33%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 1360.31 (%).Trend:Decrease 64.71% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 928.37 (%).Trend:Decrease 31.75% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 1778.07 (%).Trend:Increase 91.53% than previous quarter

Overall: increasing (30.71%). 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 -8161.21 (%).Trend:Decrease 57.4% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -4795.6 (%).Trend:Decrease 41.24% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -11277.76 (%).Trend:Increase 135.17% than previous quarter

Overall: decreasing (38.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 257.28 (%).Trend:Decrease 19.05% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 221.79 (%).Trend:Decrease 13.79% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 191.65 (%).Trend:Decrease 13.59% than previous quarter

Overall: decreasing (-25.51%). Fluctuation: **Neutral** (moderate 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 -430.06 (%).Trend:Increase 15.34% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -392.69 (%).Trend:Decrease 8.69% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -474.98 (%).Trend:Increase 20.96% than previous quarter

Overall: decreasing (10.45%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial data from Q2 2019 to Q1 2020 shows a mixed picture. Liabilities on revenue decreased moderately (-15.33%), while current assets on revenue increased significantly (30.71%). Cost efficiency saw a decrease in the Ratio of Retained Earnings to Revenue (38.19%) and SG&A Expense Ratio (-25.51%). Invest efficiency also shows a decrease in Retained Earnings on Assets (10.45%). There was significant fluctuation across all categories.