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 42.87 (%).Trend:Decrease 36.47% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 194.9 (%).Trend:Increase 354.63% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 115.21 (%).Trend:Decrease 40.89% than previous quarter

Overall: increasing (168.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 43.88 (%).Trend:Decrease 36.07% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 208.31 (%).Trend:Increase 374.73% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 115.79 (%).Trend:Decrease 44.41% than previous quarter

Overall: increasing (163.88%). 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 -69.08 (%).Trend:Decrease 29.8% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -333.15 (%).Trend:Increase 382.27% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -171.29 (%).Trend:Decrease 48.58% than previous quarter

Overall: decreasing (147.96%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.53 (%).Trend:Increase 1.74% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 55.36 (%).Trend:Increase 43.68% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.57 (%).Trend:Decrease 17.68% than previous quarter

Overall: increasing (18.27%). Fluctuation: **Neutral** (moderate 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 -80.97 (%).Trend:Increase 6.6% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -97.18 (%).Trend:Increase 20.02% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -96.3 (%).Trend:Decrease 0.91% than previous quarter

Overall: decreasing (18.93%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q3 2019 to Q2 2020 reveals substantial volatility across metrics. Working capital efficiency (liabilities and current assets on revenue) is increasing but with significant quarterly fluctuations. Cost efficiency, particularly the retained earnings to revenue ratio, shows an overall decrease but significant quarter-to-quarter variations.  SG&A expenses exhibit a smaller overall increase, while investment efficiency, represented by retained earnings on assets, is generally decreasing.