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 56.61 (%).Trend:Decrease 47.62% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 184.71 (%).Trend:Increase 226.29% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 99.84 (%).Trend:Decrease 45.95% than previous quarter

Overall: increasing (76.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 53.04 (%).Trend:Decrease 59.53% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 175.88 (%).Trend:Increase 231.6% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 96.31 (%).Trend:Decrease 45.24% than previous quarter

Overall: increasing (81.58%). 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 -150.43 (%).Trend:Decrease 6.48% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -438.72 (%).Trend:Increase 191.64% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -220.82 (%).Trend:Decrease 49.67% than previous quarter

Overall: decreasing (46.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 37.98 (%).Trend:Increase 20.46% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.16 (%).Trend:Decrease 10.06% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.18 (%).Trend:Decrease 2.87% than previous quarter

Overall: decreasing (-12.64%). 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 -63.61 (%).Trend:Increase 53.42% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -65.98 (%).Trend:Increase 3.73% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -65.05 (%).Trend:Decrease 1.41% than previous quarter

Overall: decreasing (2.26%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing Q3 2019 to Q2 2020 reveals significant fluctuations.  Both liabilities and current assets on revenue increased considerably, suggesting working capital improvement. However,  the ratio of retained earnings to revenue significantly declined.  SG&A expenses decreased, and retained earnings on assets also decreased slightly.