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 32.93 (%).Trend:Decrease 31.47% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 101.22 (%).Trend:Increase 207.38% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 51.42 (%).Trend:Decrease 49.2% than previous quarter

Overall: increasing (56.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 37.54 (%).Trend:Decrease 36.95% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 279.76 (%).Trend:Increase 645.23% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 161.62 (%).Trend:Decrease 42.23% than previous quarter

Overall: increasing (330.53%). 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 4.93 (%).Trend:Decrease 16.3% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 23.17 (%).Trend:Increase 369.98% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -12.89 (%).Trend:Decrease 155.63% than previous quarter

Overall: decreasing (-361.46%). 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 1.66 (%).Trend:Increase 30.71% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 1.84 (%).Trend:Increase 10.84% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -1.77 (%).Trend:Decrease 196.2% than previous quarter

Overall: decreasing (-206.63%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q3 2019 to Q2 2020 shows significant increases in working capital efficiency (liabilities and current assets).  However, cost efficiency (ratio of retained earnings to revenue) shows a concerning overall decrease, with significant volatility across the quarters. Invest efficiency (retained earnings on assets) shows a moderate increase, though not without considerable variation.  The large fluctuations and decreases in cost efficiency are a notable concern.