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 17.8 (%).Trend:Decrease 39.27% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 56.68 (%).Trend:Increase 218.43% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 27.07 (%).Trend:Decrease 52.24% than previous quarter

Overall: increasing (52.08%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 23.08 (%).Trend:Decrease 37.87% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 78.6 (%).Trend:Increase 240.55% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 40.86 (%).Trend:Decrease 48.02% than previous quarter

Overall: increasing (77.04%). 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 -130.58 (%).Trend:Decrease 31.5% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -392.63 (%).Trend:Increase 200.68% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -207.72 (%).Trend:Decrease 47.1% than previous quarter

Overall: decreasing (59.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.66 (%).Trend:Increase 2.84% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.41 (%).Trend:Increase 4.5% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.73 (%).Trend:Increase 1.84% than previous quarter

Overall: increasing (6.42%). 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 -123.62 (%).Trend:Increase 2.68% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -121.76 (%).Trend:Decrease 1.5% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -121.53 (%).Trend:Decrease 0.19% than previous quarter

Overall: increasing (-1.69%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q3 2019 to Q2 2020 show significant volatility in working capital efficiency. Liabilities on revenue increased sharply in Q1 2020 after decreasing in Q3 2019. Current assets on revenue also experienced a similar pattern. Cost efficiency reveals a significant decrease in the ratio of retained earnings to revenue over the period. The SG&A expense ratio shows a consistent, albeit slight, increase.  Investment efficiency (retained earning on assets) shows a slightly declining trend with significant fluctuations.