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 35.05 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 146.94 (%).Trend:Increase 319.23% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 103.02 (%).Trend:Decrease 29.89% than previous quarter

Overall: increasing (193.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 39.42 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 181.44 (%).Trend:Increase 360.27% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 234.02 (%).Trend:Increase 28.98% than previous quarter

Overall: increasing (493.66%). 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 -24.24 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -155.13 (%).Trend:Increase 539.98% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -197.63 (%).Trend:Increase 27.4% than previous quarter

Overall: decreasing (715.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.04 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.18 (%).Trend:Increase 114.96% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.51 (%).Trend:Increase 40.85% than previous quarter

Overall: increasing (202.78%). Fluctuation: **Significant** (high 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 -12.85 (%).Trend:Decrease 2.5% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -17.9 (%).Trend:Increase 39.3% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -23.93 (%).Trend:Increase 33.69% than previous quarter

Overall: decreasing (86.23%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q3 2019 to Q2 2020 demonstrates considerable volatility.  Working capital metrics show increases but with huge variance—liabilities to revenue increased to 193.92% and current assets to revenue increased by 493.66%.  Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased considerably (715.31%), while the SG&A expense ratio increased (202.78%).  Investment efficiency (86.23%) also shows large fluctuations.  The extreme volatility underscores the need for detailed investigation.