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 146.74 (%).Trend:Decrease 34.63% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 454.72 (%).Trend:Increase 209.88% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 149.66 (%).Trend:Decrease 67.09% than previous quarter

Overall: increasing (1.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 93.49 (%).Trend:Decrease 15.13% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 114.17 (%).Trend:Increase 22.12% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 64.44 (%).Trend:Decrease 43.56% than previous quarter

Overall: decreasing (-31.07%). 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 -1807.65 (%).Trend:Decrease 30.78% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -4328.21 (%).Trend:Increase 139.44% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -2123.22 (%).Trend:Decrease 50.94% than previous quarter

Overall: decreasing (17.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -253.75 (%).Trend:Increase 1.96% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -337.69 (%).Trend:Increase 33.08% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -348.81 (%).Trend:Increase 3.29% than previous quarter

Overall: decreasing (37.46%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2019 to Q2 2020 reveals significant volatility in various financial metrics. Liabilities on revenue show a mixed trend, increasing overall, but with substantial fluctuation.  Current assets on revenue decrease overall, with considerable variation. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a consistent downward trend, with substantial variation. Invest efficiency, as measured by retained earnings on assets, is also marked by significant fluctuations. The financial performance indicators show instability.