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 28.16 (%).Trend:Decrease 31.12% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 53.97 (%).Trend:Increase 91.65% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 31.82 (%).Trend:Decrease 41.04% than previous quarter

Overall: increasing (13.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 75.23 (%).Trend:Decrease 26.32% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 194.33 (%).Trend:Increase 158.31% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 113.55 (%).Trend:Decrease 41.57% than previous quarter

Overall: increasing (50.94%). 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 -2.01 (%).Trend:Decrease 77.19% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 27.59 (%).Trend:Decrease 1472.64% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 21.71 (%).Trend:Decrease 21.31% than previous quarter

Overall: increasing (-1180.1%). 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 -1.58 (%).Trend:Decrease 67.95% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 7.78 (%).Trend:Decrease 592.41% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 11.5 (%).Trend:Increase 47.81% than previous quarter

Overall: increasing (-827.85%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2019 to Q2 2020 shows substantial variability.  Working capital efficiency exhibits significant fluctuations in liabilities and current assets on revenue, with both increasing but with substantial variation. Cost efficiency reveals a dramatic, negative trend in the retained earnings to revenue ratio, with large increases and decreases.  Investment efficiency demonstrates an overall negative trend in retained earnings on assets with large swings in both directions. Overall, the financial picture shows volatility and demands a detailed investigation of the underlying causes.