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 42.41 (%).Trend:Decrease 36.04% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 79.77 (%).Trend:Increase 88.09% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 47.94 (%).Trend:Decrease 39.9% than previous quarter

Overall: increasing (13.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 48.86 (%).Trend:Decrease 29.55% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 128.0 (%).Trend:Increase 161.97% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 73.15 (%).Trend:Decrease 42.85% than previous quarter

Overall: increasing (49.71%). 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 -515.58 (%).Trend:Decrease 38.29% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -1701.04 (%).Trend:Increase 229.93% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -900.03 (%).Trend:Decrease 47.09% than previous quarter

Overall: decreasing (74.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -157.6 (%).Trend:Decrease 0.2% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -218.34 (%).Trend:Increase 38.54% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -216.51 (%).Trend:Decrease 0.84% than previous quarter

Overall: decreasing (37.38%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share -0.33 (USD).Trend:Increase 22.22% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.05 (USD).Trend:Decrease 84.85% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.05 (USD).Trend:Increase 0.0% than previous quarter

Overall: increasing (-84.85%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 show significant volatility in working capital efficiency. Liabilities on revenue increased but then decreased significantly.  Current assets on revenue show a large increase followed by a drop.  Cost efficiency indicates a large decrease in the retained earnings to revenue ratio despite quarter-to-quarter fluctuations. Investment efficiency displays a decrease in retained earnings on assets with considerable volatility. Earnings per share show a volatile trend, exhibiting significant fluctuations.