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 10543.93 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 46610.23 (%).Trend:Increase 342.06% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 59713.97 (%).Trend:Increase 28.11% than previous quarter

Overall: increasing (466.34%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 5067.2 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 28818.87 (%).Trend:Increase 468.73% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 19973.67 (%).Trend:Decrease 30.69% than previous quarter

Overall: increasing (294.18%). 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 -47991.07 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -206464.81 (%).Trend:Increase 330.22% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -173274.1 (%).Trend:Decrease 16.08% than previous quarter

Overall: decreasing (261.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1775.21 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6602.36 (%).Trend:Increase 271.92% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5398.75 (%).Trend:Decrease 18.23% than previous quarter

Overall: increasing (204.12%). 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 -639.98 (%).Trend:Increase 23.55% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -393.37 (%).Trend:Decrease 38.53% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -550.7 (%).Trend:Increase 40.0% than previous quarter

Overall: increasing (-13.95%). Fluctuation: **Significant** (high variation).

Earning Per Share


The period from Q3 2019 to Q2 2020 shows considerable fluctuation in working capital and cost efficiency. Liabilities on revenue and current assets on revenue increased significantly (466.34% and 294.18%, respectively).  However, the ratio of retained earnings to revenue decreased (261.05%) and the SG&A expense ratio increased (204.12%). Retained earnings on assets show an overall increase (-13.95%), again with considerable variation.  Further analysis is needed to understand the drivers of this volatility.