Working Capital Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2020 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 3: Liabilities on Revenue 100.71 (%).Trend:Decrease 46.56% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 272.01 (%).Trend:Increase 170.09% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 111.33 (%).Trend:Decrease 59.07% than previous quarter

Overall: increasing (10.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 298.17 (%).Trend:Decrease 49.39% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 706.73 (%).Trend:Increase 137.02% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 310.74 (%).Trend:Decrease 56.03% than previous quarter

Overall: increasing (4.22%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2020 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -284.67 (%).Trend:Decrease 33.01% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -781.42 (%).Trend:Increase 174.5% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -411.28 (%).Trend:Decrease 47.37% than previous quarter

Overall: decreasing (44.48%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.35 (%).Trend:Increase 3.48% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 37.96 (%).Trend:Increase 13.82% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.75 (%).Trend:Increase 2.08% than previous quarter

Overall: increasing (16.19%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2020 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 3: Retained Earning on Assets -83.88 (%).Trend:Increase 26.65% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -98.58 (%).Trend:Increase 17.53% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -109.25 (%).Trend:Increase 10.82% than previous quarter

Overall: decreasing (30.25%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2019 to Q2 2020 reveals significant fluctuations in working capital efficiency. Liabilities on revenue increased from Q3 2019 to Q1 2020 then decreased to Q2 2020, exhibiting considerable variation.  Current assets on revenue also showed a fluctuating trend. Cost efficiency, specifically the ratio of retained earnings to revenue, shows significant declines and volatility. The SG&A expense ratio, however, shows a minor, steady upward trend. Investment efficiency (retained earnings on assets) demonstrates a downward trend with noticeable volatility.