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 41.92 (%).Trend:Decrease 18.98% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 126.28 (%).Trend:Increase 201.24% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 853.19 (%).Trend:Increase 575.63% than previous quarter

Overall: increasing (1935.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 29.65 (%).Trend:Decrease 33.02% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 82.79 (%).Trend:Increase 179.22% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 59.7 (%).Trend:Decrease 27.89% than previous quarter

Overall: increasing (101.35%). 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 -308.31 (%).Trend:Decrease 32.65% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -1666.51 (%).Trend:Increase 440.53% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -1101.78 (%).Trend:Decrease 33.89% than previous quarter

Overall: decreasing (257.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.26 (%).Trend:Decrease 3.49% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.95 (%).Trend:Increase 5.2% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.11 (%).Trend:Increase 36.99% than previous quarter

Overall: increasing (44.12%). Fluctuation: **Neutral** (moderate 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 -75.38 (%).Trend:Decrease 1.79% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -144.07 (%).Trend:Increase 91.12% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -150.85 (%).Trend:Increase 4.71% than previous quarter

Overall: decreasing (100.12%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.78 (USD).Trend:Decrease 169.03% than previous quarter
Year 2020 Quarter 1: Earning Per Share -36.43 (USD).Trend:Decrease 4770.51% than previous quarter
Year 2020 Quarter 2: Earning Per Share -41.84 (USD).Trend:Increase 14.85% than previous quarter

Overall: decreasing (-5464.1%). Fluctuation: **Significant** (high variation).



Significant fluctuations are observed in working capital efficiency metrics. Liabilities on revenue increased dramatically, from 41.92% in Q3 2019 to 853.19% in Q2 2020, before decreasing.  Current assets on revenue also exhibited substantial changes, rising to 82.79% in Q1 2020 from a prior low, then falling back.  Cost efficiency shows a clear downward trend in the ratio of retained earnings to revenue, from -308.31% to -1666.51% in Q1 2020, before slightly recovering.  SG&A expense ratio increased consistently. Investment efficiency, measured by retained earnings on assets, is also declining significantly. Earnings per share show a steep downward trend, becoming increasingly negative.