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 19.53 (%).Trend:Decrease 35.88% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 63.6 (%).Trend:Increase 225.65% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 35.4 (%).Trend:Decrease 44.34% than previous quarter

Overall: increasing (81.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 33.87 (%).Trend:Decrease 35.44% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 105.87 (%).Trend:Increase 212.58% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 54.1 (%).Trend:Decrease 48.9% than previous quarter

Overall: increasing (59.73%). 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 13.48 (%).Trend:Decrease 30.98% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -13.1 (%).Trend:Decrease 197.18% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -8.3 (%).Trend:Decrease 36.64% than previous quarter

Overall: decreasing (-161.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.12 (%).Trend:Decrease 0.23% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.06 (%).Trend:Increase 17.81% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.88 (%).Trend:Increase 6.98% than previous quarter

Overall: increasing (26.04%). 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 10.55 (%).Trend:Increase 4.98% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -3.58 (%).Trend:Decrease 133.93% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -4.15 (%).Trend:Increase 15.92% than previous quarter

Overall: decreasing (-139.34%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q3 2019 to Q2 2020 reveal significant volatility in working capital efficiency. Liabilities on revenue show a substantial decrease followed by a significant increase and subsequent decrease. Current assets on revenue experience a similar pattern.  Cost efficiency displays a strong downward trend in retained earnings to revenue, with substantial volatility. The SG&A expense ratio demonstrates a mildly increasing trend, while invest efficiency shows significant declines in retained earnings on assets. The substantial volatility suggests a need for detailed investigation.