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 36.72 (%).Trend:Decrease 32.67% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 114.87 (%).Trend:Increase 212.83% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 57.83 (%).Trend:Decrease 49.66% than previous quarter

Overall: increasing (57.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 105.11 (%).Trend:Decrease 36.74% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 313.44 (%).Trend:Increase 198.2% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 165.43 (%).Trend:Decrease 47.22% than previous quarter

Overall: increasing (57.39%). 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 17.65 (%).Trend:Decrease 47.08% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -73.34 (%).Trend:Decrease 515.52% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -43.62 (%).Trend:Decrease 40.52% than previous quarter

Overall: decreasing (-347.14%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.36 (%).Trend:Decrease 7.62% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.03 (%).Trend:Decrease 8.13% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.39 (%).Trend:Increase 2.4% than previous quarter

Overall: decreasing (-5.93%). Fluctuation: **Little** (low 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 7.81 (%).Trend:Decrease 17.44% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -12.92 (%).Trend:Decrease 265.43% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -14.11 (%).Trend:Increase 9.21% than previous quarter

Overall: decreasing (-280.67%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share -14.95 (USD).Trend:Increase 4.18% than previous quarter
Year 2020 Quarter 1: Earning Per Share -5.34 (USD).Trend:Decrease 64.28% than previous quarter
Year 2020 Quarter 2: Earning Per Share -5.57 (USD).Trend:Increase 4.31% than previous quarter

Overall: increasing (-62.74%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2019 to Q2 2020 exhibits significant volatility.  Working capital efficiency, as measured by liabilities and current assets on revenue, increased overall with substantial quarter-to-quarter fluctuations. Cost efficiency shows a significant decrease in the ratio of retained earnings to revenue.  SG&A expense ratios decreased slightly overall.  Investment efficiency shows a substantial decrease in retained earnings on assets. Earning per share increased slightly overall with significant quarter-to-quarter variation.