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 32.27 (%).Trend:Decrease 46.92% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 126.18 (%).Trend:Increase 291.01% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 55.92 (%).Trend:Decrease 55.68% than previous quarter

Overall: increasing (73.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 105.34 (%).Trend:Decrease 45.0% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 298.89 (%).Trend:Increase 183.74% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 192.85 (%).Trend:Decrease 35.48% than previous quarter

Overall: increasing (83.07%). 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 -24.94 (%).Trend:Decrease 36.8% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -65.24 (%).Trend:Increase 161.59% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -37.31 (%).Trend:Decrease 42.81% than previous quarter

Overall: decreasing (49.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.93 (%).Trend:Decrease 10.15% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.02 (%).Trend:Increase 0.7% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.38 (%).Trend:Increase 2.76% than previous quarter

Overall: increasing (3.48%). 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 -9.42 (%).Trend:Increase 9.53% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -9.18 (%).Trend:Decrease 2.55% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -8.85 (%).Trend:Decrease 3.59% than previous quarter

Overall: increasing (-6.05%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share -0.78 (USD).Trend:Increase 13.04% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 129.49% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.19 (USD).Trend:Decrease 17.39% than previous quarter

Overall: increasing (-124.36%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 show considerable volatility.  Liabilities on revenue increased overall, but with notable quarter-to-quarter fluctuations.  Current assets on revenue also increased overall, with similarly significant variation. The ratio of retained earnings to revenue decreased overall. SG&A expense ratio increased slightly. Investment efficiency showed a slight overall decrease in retained earnings on assets. Earnings per share increased but saw substantial variation across quarters. The significant fluctuations indicate instability in financial performance and the potential for underlying issues needing further investigation.