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 42.76 (%).Trend:Decrease 28.88% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 114.59 (%).Trend:Increase 167.98% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 63.5 (%).Trend:Decrease 44.59% than previous quarter

Overall: increasing (48.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 107.73 (%).Trend:Decrease 30.63% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 271.92 (%).Trend:Increase 152.41% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 153.01 (%).Trend:Decrease 43.73% than previous quarter

Overall: increasing (42.03%). 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 -24.15 (%).Trend:Decrease 12.78% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -58.39 (%).Trend:Increase 141.78% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -37.82 (%).Trend:Decrease 35.23% than previous quarter

Overall: decreasing (56.6%). 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 -11.29 (%).Trend:Increase 26.85% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -10.45 (%).Trend:Decrease 7.44% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -11.81 (%).Trend:Increase 13.01% than previous quarter

Overall: decreasing (4.61%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share -0.08 (USD).Trend:Decrease 157.14% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.08 (USD).Trend:Decrease 200.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.06 (USD).Trend:Decrease 175.0% than previous quarter

Overall: increasing (-25.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 highlight substantial fluctuations in key metrics. Working capital efficiency, assessed through liabilities and current assets on revenue, exhibited considerable increases. Cost efficiency, as gauged by the ratio of retained earnings to revenue, shows a marked decreasing trend, fluctuating greatly.  Investment efficiency, reflected in retained earnings on assets, presented a similar pattern of fluctuation.  Earnings per share also show a large, negative change during this time.  Further analysis is necessary to identify underlying causes of the variations.