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 42.2 (%).Trend:Decrease 29.56% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 176.63 (%).Trend:Increase 318.55% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 77.61 (%).Trend:Decrease 56.06% than previous quarter

Overall: increasing (83.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 72.18 (%).Trend:Decrease 29.94% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 309.82 (%).Trend:Increase 329.23% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 130.73 (%).Trend:Decrease 57.8% than previous quarter

Overall: increasing (81.12%). 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 -604.97 (%).Trend:Decrease 25.93% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -2527.62 (%).Trend:Increase 317.81% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -1060.09 (%).Trend:Decrease 58.06% than previous quarter

Overall: decreasing (75.23%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 52.75 (%).Trend:Increase 2.11% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 60.4 (%).Trend:Increase 14.5% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 49.49 (%).Trend:Decrease 18.06% than previous quarter

Overall: decreasing (-6.18%). 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 -545.77 (%).Trend:Increase 4.76% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -574.01 (%).Trend:Increase 5.17% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -489.43 (%).Trend:Decrease 14.73% than previous quarter

Overall: increasing (-10.32%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q3 2019 to Q2 2020 reveals significant volatility. Working capital efficiency, measured by liabilities and current assets on revenue, exhibits substantial fluctuations with high variability. Cost efficiency, assessed by retained earnings to revenue and SG&A expense ratios, also demonstrate significant volatility, although the SG&A ratio shows a neutral trend.  Investment efficiency, as indicated by retained earnings on assets, also shows significant swings.  Earning per share data is not available. Overall, the analysis highlights substantial and unpredictable fluctuations in various financial metrics during the observed period.