Working Capital Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2020 includes 3 quarters.

Liabilities on Revenue
Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 96.84 (%).Trend:Decrease 34.63% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 302.13 (%).Trend:Increase 211.99% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 219.57 (%).Trend:Decrease 27.33% than previous quarter

Overall: increasing (126.73%). 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 -134.3 (%).Trend:Decrease 34.81% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -421.67 (%).Trend:Increase 213.98% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -210.11 (%).Trend:Decrease 50.17% than previous quarter

Overall: decreasing (56.45%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.35 (%).Trend:Decrease 1.98% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.66 (%).Trend:Increase 12.59% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.9 (%).Trend:Increase 1.16% than previous quarter

Overall: increasing (13.9%). 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 -60.68 (%).Trend:Decrease 0.75% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -60.19 (%).Trend:Decrease 0.81% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -50.23 (%).Trend:Decrease 16.55% than previous quarter

Overall: increasing (-17.22%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q3 2019 to Q2 2020 reveals significant volatility.  Working capital efficiency increased substantially but with considerable fluctuations, potentially indicating erratic cash flow management. Cost efficiency also saw a considerable decrease, particularly in the ratio of retained earnings to revenue, suggesting a decline in profitability. However, SG&A expense ratios were mostly stable, declining slightly overall. Investment efficiency, measured by retained earnings on assets, showed a general increase but with large variations, potentially pointing to inconsistent asset management. Further analysis into the underlying reasons for these fluctuations is recommended.