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 34.35 (%).Trend:Decrease 27.39% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 84.91 (%).Trend:Increase 147.19% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 46.47 (%).Trend:Decrease 45.27% than previous quarter

Overall: increasing (35.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 30.0 (%).Trend:Decrease 20.49% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 186.04 (%).Trend:Increase 520.13% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 76.86 (%).Trend:Decrease 58.69% than previous quarter

Overall: increasing (156.2%). 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 31.62 (%).Trend:Decrease 4.5% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -3.39 (%).Trend:Decrease 110.72% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -33.98 (%).Trend:Increase 902.36% than previous quarter

Overall: decreasing (-207.46%). 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 7.76 (%).Trend:Increase 36.62% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -0.28 (%).Trend:Decrease 103.61% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -4.74 (%).Trend:Increase 1592.86% than previous quarter

Overall: decreasing (-161.08%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q3 2019 to Q2 2020 reveals significant fluctuations in working capital and cost efficiency. Liabilities on revenue increased in Q3 2019, decreased dramatically in Q1 2020, then dropped again in Q2. Current assets on revenue experienced a similar fluctuating pattern, with a substantial rise in Q1 2020. Conversely, cost efficiency, measured by the ratio of retained earnings to revenue, shows a clear declining trend from Q3 2019 to Q2 2020. Invest efficiency displays similar volatility, with a large decrease in Q1 2020.