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 349.77 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 247.8 (%).Trend:Decrease 29.15% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 493.61 (%).Trend:Increase 99.2% than previous quarter

Overall: increasing (41.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 1353.02 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 809.86 (%).Trend:Decrease 40.14% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 2689.65 (%).Trend:Increase 232.11% than previous quarter

Overall: increasing (98.79%). 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 -3571.4 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -2693.83 (%).Trend:Decrease 24.57% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -6704.53 (%).Trend:Increase 148.88% than previous quarter

Overall: decreasing (87.73%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 150.57 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 166.31 (%).Trend:Increase 10.45% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 132.54 (%).Trend:Decrease 20.31% than previous quarter

Overall: decreasing (-11.97%). 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 -228.36 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -265.64 (%).Trend:Increase 16.33% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -219.96 (%).Trend:Decrease 17.2% than previous quarter

Overall: increasing (-3.68%). Fluctuation: **Significant** (high variation).

Earning Per Share


Q2 2019-Q1 2020 financial statement analysis reveals substantial variability. Liabilities on revenue increased (41.12%), and current assets on revenue increased (98.79%), both with significant fluctuation.  Ratio of retained earnings to revenue decreased (-87.73%) significantly.  SG&A expense ratio decreased (-11.97%) with moderate variation. Retained earnings on assets increased (-3.68%) significantly.