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 21.57 (%).Trend:Decrease 26.38% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 61.32 (%).Trend:Increase 184.28% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 34.36 (%).Trend:Decrease 43.97% than previous quarter

Overall: increasing (59.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 108.55 (%).Trend:Decrease 34.86% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 288.82 (%).Trend:Increase 166.07% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 149.92 (%).Trend:Decrease 48.09% than previous quarter

Overall: increasing (38.11%). 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 52.35 (%).Trend:Decrease 42.15% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 127.02 (%).Trend:Increase 142.64% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 64.73 (%).Trend:Decrease 49.04% than previous quarter

Overall: increasing (23.65%). 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 30.72 (%).Trend:Decrease 11.34% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 27.45 (%).Trend:Decrease 10.64% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 28.05 (%).Trend:Increase 2.19% than previous quarter

Overall: decreasing (-8.69%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2019 to Q2 2020 show significant volatility in working capital efficiency. Liabilities on revenue increased (59.3%), while current assets on revenue also increased (38.11%), both displaying high variation. Cost efficiency, measured by the ratio of retained earnings to revenue, displayed a positive trend (23.65%) yet considerable volatility. Investment efficiency, measured by retained earnings on assets, decreased (-8.69%) but shows lower fluctuation.  SG&A expense ratio and earning per share data are absent.