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 28.18 (%).Trend:Decrease 38.42% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 115.85 (%).Trend:Increase 311.11% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 48.69 (%).Trend:Decrease 57.97% than previous quarter

Overall: increasing (72.78%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 39.97 (%).Trend:Decrease 38.08% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 195.49 (%).Trend:Increase 389.09% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 111.99 (%).Trend:Decrease 42.71% than previous quarter

Overall: increasing (180.19%). 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 12.07 (%).Trend:Decrease 35.28% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 6.3 (%).Trend:Decrease 47.8% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -9.96 (%).Trend:Decrease 258.1% than previous quarter

Overall: decreasing (-182.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.21 (%).Trend:Decrease 2.64% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.0 (%).Trend:Increase 35.75% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.05 (%).Trend:Increase 1.67% than previous quarter

Overall: increasing (38.01%). 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 11.18 (%).Trend:Decrease 3.95% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 1.22 (%).Trend:Decrease 89.09% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -3.49 (%).Trend:Decrease 386.07% than previous quarter

Overall: decreasing (-131.22%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.22 (USD).Trend:Decrease 69.01% than previous quarter
Year 2020 Quarter 1: Earning Per Share -2.3 (USD).Trend:Decrease 1145.45% than previous quarter
Year 2020 Quarter 2: Earning Per Share -5.67 (USD).Trend:Increase 146.52% than previous quarter

Overall: decreasing (-2677.27%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2019 to Q2 2020 show a period of substantial fluctuation in key financial metrics. Working capital efficiency increased markedly, but with high volatility. Cost efficiency declined dramatically, and the retained earnings to revenue ratio showed a large decrease. Investment efficiency also declined significantly and Earnings per share decreased dramatically. SG&A expenses showed a modest increase with low volatility.