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 27.68 (%).Trend:Decrease 33.87% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 106.38 (%).Trend:Increase 284.32% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 62.86 (%).Trend:Decrease 40.91% than previous quarter

Overall: increasing (127.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 20.48 (%).Trend:Decrease 34.61% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 101.38 (%).Trend:Increase 395.02% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 39.34 (%).Trend:Decrease 61.2% than previous quarter

Overall: increasing (92.09%). 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 -74.31 (%).Trend:Decrease 25.58% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -686.25 (%).Trend:Increase 823.5% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -392.19 (%).Trend:Decrease 42.85% than previous quarter

Overall: decreasing (427.78%). 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 -16.9 (%).Trend:Increase 12.29% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -47.98 (%).Trend:Increase 183.91% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -51.28 (%).Trend:Increase 6.88% than previous quarter

Overall: decreasing (203.43%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.35 (USD).Trend:Decrease 23.91% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.58 (USD).Trend:Increase 65.71% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.01 (USD).Trend:Decrease 101.72% than previous quarter

Overall: decreasing (-102.86%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2019 to Q2 2020 exhibits significant volatility. Liabilities and current assets on revenue are increasing with substantial variations.  Cost efficiency, as measured by retained earnings to revenue, sharply declines with high variability.  Investment efficiency shows a significant decrease with large swings, and earnings per share are decreasing.