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 155.62 (%).Trend:Decrease 43.73% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 416.26 (%).Trend:Increase 167.48% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 178.89 (%).Trend:Decrease 57.02% than previous quarter

Overall: increasing (14.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 1638.47 (%).Trend:Decrease 31.84% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 3266.13 (%).Trend:Increase 99.34% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 1135.66 (%).Trend:Decrease 65.23% than previous quarter

Overall: decreasing (-30.69%). 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 -1114.85 (%).Trend:Decrease 13.91% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -3081.71 (%).Trend:Increase 176.42% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -1165.59 (%).Trend:Decrease 62.18% than previous quarter

Overall: decreasing (4.55%). 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 -61.04 (%).Trend:Increase 26.06% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -83.77 (%).Trend:Increase 37.24% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -90.79 (%).Trend:Increase 8.38% than previous quarter

Overall: decreasing (48.74%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q3 2019 to Q2 2020 shows considerable fluctuation in working capital and cost efficiency. Liabilities on revenue increased by 14.95% overall, but with substantial quarter-to-quarter variations from decreases of 43.73% to 57.02%.  Current assets on revenue showed a significant overall decrease (-30.69%) with equally large swings from decreases to increases. The ratio of retained earnings to revenue decreased by 4.55% overall, despite the large quarterly shifts. Investment efficiency, measured by retained earnings on assets, displayed a consistent decreasing trend, though with notable volatility.