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 58.68 (%).Trend:Decrease 29.71% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 183.13 (%).Trend:Increase 212.08% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 100.56 (%).Trend:Decrease 45.09% than previous quarter

Overall: increasing (71.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 110.16 (%).Trend:Decrease 34.95% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 297.5 (%).Trend:Increase 170.06% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 150.62 (%).Trend:Decrease 49.37% than previous quarter

Overall: increasing (36.73%). 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 12.22 (%).Trend:Decrease 33.11% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 26.49 (%).Trend:Increase 116.78% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 13.85 (%).Trend:Decrease 47.72% than previous quarter

Overall: increasing (13.34%). 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 8.9 (%).Trend:Increase 3.13% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 7.07 (%).Trend:Decrease 20.56% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 7.35 (%).Trend:Increase 3.96% than previous quarter

Overall: decreasing (-17.42%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share -6.01 (USD).Trend:Decrease 6.09% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.35 (USD).Trend:Decrease 105.82% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.71 (USD).Trend:Increase 102.86% than previous quarter

Overall: increasing (-111.81%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2019 to Q2 2020 shows considerable fluctuation in financial metrics.  Liabilities and current assets on revenue saw significant increases and decreases, impacting working capital efficiency.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also displayed high volatility.  Investment efficiency, measured by retained earnings on assets, trended slightly downward with moderate variation. Earnings per share experienced a substantial increase, but with significant fluctuation.