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 28.7 (%).Trend:Decrease 27.3% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 90.05 (%).Trend:Increase 213.76% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 46.9 (%).Trend:Decrease 47.92% than previous quarter

Overall: increasing (63.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 30.31 (%).Trend:Decrease 27.45% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 111.56 (%).Trend:Increase 268.06% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 49.35 (%).Trend:Decrease 55.76% than previous quarter

Overall: increasing (62.82%). 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 -14.83 (%).Trend:Increase 6.08% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -54.72 (%).Trend:Increase 268.98% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -33.66 (%).Trend:Decrease 38.49% than previous quarter

Overall: decreasing (126.97%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.18 (%).Trend:Increase 3.56% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.11 (%).Trend:Increase 18.96% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.58 (%).Trend:Decrease 4.38% than previous quarter

Overall: increasing (13.75%). 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 -17.14 (%).Trend:Increase 55.54% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -19.0 (%).Trend:Increase 10.85% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -22.52 (%).Trend:Increase 18.53% than previous quarter

Overall: decreasing (31.39%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share -3.28 (USD).Trend:Increase 337.33% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.25 (USD).Trend:Decrease 92.38% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.71 (USD).Trend:Increase 184.0% than previous quarter

Overall: increasing (-78.35%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2019 to Q2 2020 exhibits significant fluctuations. Working capital, measured by liabilities and current assets on revenue, showed substantial increases in Q1 2020, but decreases in Q2 2020.  The retained earnings to revenue ratio displayed a considerable decrease. SG&A expense ratio showed a small increase.  Investment efficiency also showed significant volatility, with a decrease in retained earnings on assets. Earnings per share showed high variation, with an increase followed by a decrease and subsequent increase.