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 27.67 (%).Trend:Decrease 36.24% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 64.19 (%).Trend:Increase 131.98% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 25.08 (%).Trend:Decrease 60.93% than previous quarter

Overall: decreasing (-9.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 43.64 (%).Trend:Decrease 37.18% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 163.94 (%).Trend:Increase 275.66% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 81.74 (%).Trend:Decrease 50.14% than previous quarter

Overall: increasing (87.31%). 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 -522.44 (%).Trend:Decrease 37.85% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -1721.8 (%).Trend:Increase 229.57% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -932.94 (%).Trend:Decrease 45.82% than previous quarter

Overall: decreasing (78.57%). 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 -484.93 (%).Trend:Increase 2.19% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -477.55 (%).Trend:Decrease 1.52% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -507.48 (%).Trend:Increase 6.27% than previous quarter

Overall: decreasing (4.65%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2019 to Q2 2020 reveals significant volatility across key metrics. Liabilities on revenue initially decreased before rising sharply and then decreasing again, while current assets on revenue show a similar pattern of large increases and decreases. Cost efficiency, indicated by the ratio of retained earnings to revenue, reveals a declining trend with substantial fluctuations.  Investment efficiency (retained earnings on assets) displays a slightly decreasing trend, also highly variable between periods.