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 17.13 (%).Trend:Decrease 31.92% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 63.9 (%).Trend:Increase 273.03% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 45.36 (%).Trend:Decrease 29.01% than previous quarter

Overall: increasing (164.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 22.89 (%).Trend:Decrease 32.5% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 167.28 (%).Trend:Increase 630.8% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 44.94 (%).Trend:Decrease 73.13% than previous quarter

Overall: increasing (96.33%). 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 -22.5 (%).Trend:Decrease 29.2% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -98.86 (%).Trend:Increase 339.38% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -100.08 (%).Trend:Increase 1.23% than previous quarter

Overall: decreasing (344.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.29 (%).Trend:Increase 0.43% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.98 (%).Trend:Decrease 1.33% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.31 (%).Trend:Increase 23.19% than previous quarter

Overall: increasing (21.55%). 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 -9.73 (%).Trend:Increase 6.34% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -10.77 (%).Trend:Increase 10.69% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -17.45 (%).Trend:Increase 62.02% than previous quarter

Overall: decreasing (79.34%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share -1.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 200.0% than previous quarter

Overall: decreasing (200.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 show high volatility.  Working capital efficiency exhibits substantial increases in liabilities and current assets relative to revenue, displaying significant fluctuations.  Cost efficiency demonstrates a sharp decline in the ratio of retained earnings to revenue.  The SG&A expense ratio displays a moderate fluctuation with overall increase.  Investment efficiency shows a substantial decrease in retained earnings on assets, with significant variation. Earnings per share shows a significant decline.