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 24.53 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 58.77 (%).Trend:Increase 139.58% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 37.27 (%).Trend:Decrease 36.58% than previous quarter

Overall: increasing (51.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 95.55 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 166.56 (%).Trend:Increase 74.32% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 96.97 (%).Trend:Decrease 41.78% than previous quarter

Overall: increasing (1.49%). 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 73.22 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 113.52 (%).Trend:Increase 55.04% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 62.5 (%).Trend:Decrease 44.94% than previous quarter

Overall: decreasing (-14.64%). 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 64.6 (%).Trend:Decrease 3.78% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 50.75 (%).Trend:Decrease 21.44% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 49.11 (%).Trend:Decrease 3.23% than previous quarter

Overall: decreasing (-23.98%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial statements for Q3 2019 to Q2 2020 show substantial variation.  Liabilities on revenue increased overall, but with significant quarter-to-quarter fluctuations. Current assets on revenue show a slight overall increase with substantial quarter-to-quarter changes. Cost efficiency, measured by the retained earnings to revenue ratio, displays a negative overall trend and considerable quarter-to-quarter volatility.  Investment efficiency, as indicated by retained earnings on assets, also shows a downward trend with moderate volatility. The high degree of fluctuation in key financial indicators signals possible instability.