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 22.38 (%).Trend:Decrease 29.31% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 97.96 (%).Trend:Increase 337.71% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 50.05 (%).Trend:Decrease 48.91% than previous quarter

Overall: increasing (123.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 46.98 (%).Trend:Decrease 34.22% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 155.94 (%).Trend:Increase 231.93% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 82.65 (%).Trend:Decrease 47.0% than previous quarter

Overall: increasing (75.93%). 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 -34.14 (%).Trend:Decrease 31.65% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -100.81 (%).Trend:Increase 195.28% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -49.78 (%).Trend:Decrease 50.62% than previous quarter

Overall: decreasing (45.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.77 (%).Trend:Decrease 1.15% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.45 (%).Trend:Decrease 1.24% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.53 (%).Trend:Increase 0.31% than previous quarter

Overall: decreasing (-0.93%). Fluctuation: **Little** (low 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 -38.12 (%).Trend:Decrease 1.47% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -35.32 (%).Trend:Decrease 7.35% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -33.76 (%).Trend:Decrease 4.42% than previous quarter

Overall: increasing (-11.44%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q3 2019 to Q2 2020 show significant fluctuations. Liabilities on revenue increased substantially in Q1 2020, then decreased in Q2 2020, demonstrating a significant, although fluctuating, overall increase.  Current assets on revenue also show a substantial increase in Q1 2020, before decreasing in Q2 2020, resulting in a significant, although fluctuating, overall increase. Cost efficiency, as measured by the retained earnings to revenue ratio, shows a significant decrease overall, despite large variations in each quarter. The selling, general, and administrative (SG&A) expense ratio displayed a slight, overall decrease. Investment efficiency, as represented by retained earnings on assets, shows a slight, overall increase, despite the volatility in individual quarters.