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 26.78 (%).Trend:Decrease 15.12% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 87.1 (%).Trend:Increase 225.24% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 43.06 (%).Trend:Decrease 50.56% than previous quarter

Overall: increasing (60.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 63.65 (%).Trend:Decrease 30.22% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 190.96 (%).Trend:Increase 200.02% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 103.39 (%).Trend:Decrease 45.86% than previous quarter

Overall: increasing (62.44%). 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 -10.19 (%).Trend:Decrease 43.64% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -16.96 (%).Trend:Increase 66.44% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -4.9 (%).Trend:Decrease 71.11% than previous quarter

Overall: increasing (-51.91%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.08 (%).Trend:Decrease 2.4% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.78 (%).Trend:Increase 3.67% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.54 (%).Trend:Decrease 6.27% than previous quarter

Overall: decreasing (-2.83%). 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 -5.54 (%).Trend:Decrease 23.16% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -3.13 (%).Trend:Decrease 43.5% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -1.71 (%).Trend:Decrease 45.37% than previous quarter

Overall: increasing (-69.13%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.9 (USD).Trend:Increase 38.46% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.34 (USD).Trend:Decrease 62.22% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.67 (USD).Trend:Increase 97.06% than previous quarter

Overall: decreasing (-25.56%). Fluctuation: **Significant** (high variation).



Significant fluctuations characterized working capital efficiency metrics (liabilities and current assets on revenue), increasing overall despite quarter-to-quarter volatility.  Ratio of retained earnings to revenue also increased significantly, while SG&A expense ratio decreased slightly.  Retained earnings on assets and earnings per share both show significant fluctuation and overall decrease.