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 27.97 (%).Trend:Decrease 26.08% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 116.94 (%).Trend:Increase 318.09% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 63.66 (%).Trend:Decrease 45.56% than previous quarter

Overall: increasing (127.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 34.02 (%).Trend:Decrease 32.35% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 121.77 (%).Trend:Increase 257.94% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 71.72 (%).Trend:Decrease 41.1% than previous quarter

Overall: increasing (110.82%). 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 61.31 (%).Trend:Decrease 36.07% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 134.5 (%).Trend:Increase 119.38% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 75.06 (%).Trend:Decrease 44.19% than previous quarter

Overall: increasing (22.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.84 (%).Trend:Decrease 4.0% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.76 (%).Trend:Increase 23.96% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.03 (%).Trend:Increase 5.67% than previous quarter

Overall: increasing (30.99%). Fluctuation: **Neutral** (moderate 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 29.49 (%).Trend:Decrease 2.42% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 20.24 (%).Trend:Decrease 31.37% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 20.49 (%).Trend:Increase 1.24% than previous quarter

Overall: decreasing (-30.52%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial statements from 2019 Q3 to 2020 Q2 display significant fluctuations in financial ratios. Liabilities and current assets on revenue saw dramatic increases in Q1 2020, followed by declines in Q2 2020.  The retained earnings to revenue ratio also fluctuated substantially, and the SG&A expense ratio showed a more stable increase. Investment efficiency, measured by retained earnings on assets, decreased overall, but with slight variation in Q2.  The data reflects considerable volatility, potentially requiring further investigation.