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 25.71 (%).Trend:Decrease 28.34% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 81.39 (%).Trend:Increase 216.57% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 60.1 (%).Trend:Decrease 26.16% than previous quarter

Overall: increasing (133.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 49.48 (%).Trend:Decrease 32.44% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 243.93 (%).Trend:Increase 392.99% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 270.42 (%).Trend:Increase 10.86% than previous quarter

Overall: increasing (446.52%). 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 -104.31 (%).Trend:Decrease 33.1% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -460.74 (%).Trend:Increase 341.7% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -411.94 (%).Trend:Decrease 10.59% than previous quarter

Overall: decreasing (294.92%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.42 (%).Trend:Increase 2.2% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.43 (%).Trend:Increase 4.95% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.48 (%).Trend:Increase 32.9% than previous quarter

Overall: increasing (39.47%). 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 -31.15 (%).Trend:Increase 3.11% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -33.33 (%).Trend:Increase 7.0% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -36.94 (%).Trend:Increase 10.83% than previous quarter

Overall: decreasing (18.59%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing the financial data from Q3 2019 to Q2 2020 reveals significant variability. Working capital efficiency shows considerable fluctuations, with both liabilities and current assets on revenue exhibiting large increases and decreases.  Cost efficiency shows a clear downward trend in the retained earnings to revenue ratio. The SG&A expense ratio displays a relatively stable upward trend. Invest efficiency also exhibits significant fluctuations, with retained earnings on assets consistently decreasing. Overall, the period demonstrates substantial volatility in financial performance and indicates a need for further analysis to understand the underlying causes.