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 81.23 (%).Trend:Decrease 9.4% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 145.04 (%).Trend:Increase 78.55% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 71.77 (%).Trend:Decrease 50.52% than previous quarter

Overall: decreasing (-11.65%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 55.98 (%).Trend:Decrease 5.74% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 118.58 (%).Trend:Increase 111.83% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 46.28 (%).Trend:Decrease 60.97% than previous quarter

Overall: decreasing (-17.33%). 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 20.39 (%).Trend:Decrease 47.53% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 74.62 (%).Trend:Increase 265.96% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 26.77 (%).Trend:Decrease 64.12% than previous quarter

Overall: increasing (31.29%). 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 2.15 (%).Trend:Decrease 50.46% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 3.63 (%).Trend:Increase 68.84% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 2.39 (%).Trend:Decrease 34.16% than previous quarter

Overall: increasing (11.16%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q3 2019 to Q2 2020 shows significant fluctuations in working capital efficiency metrics. Liabilities on revenue decreased overall but fluctuated widely, increasing in Q1 2020 before decreasing in Q2 2020.  Current assets on revenue also decreased overall, with substantial increases and decreases in each quarter.  Cost efficiency, measured by the ratio of retained earnings to revenue, displayed a significant upward trend overall, but with similarly large quarter-to-quarter swings. Investment efficiency, measured by retained earnings on assets, also exhibited a positive overall trend, but high quarter-to-quarter variability.  Understanding the drivers behind these significant fluctuations is crucial for further analysis.