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 26.99 (%).Trend:Decrease 55.29% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 87.59 (%).Trend:Increase 224.53% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 93.72 (%).Trend:Increase 7.0% than previous quarter

Overall: increasing (247.24%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 320.95 (%).Trend:Increase 118.91% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 669.15 (%).Trend:Increase 108.49% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 649.36 (%).Trend:Decrease 2.96% than previous quarter

Overall: increasing (102.32%). 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 -158.63 (%).Trend:Decrease 48.65% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -296.49 (%).Trend:Increase 86.91% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -175.95 (%).Trend:Decrease 40.66% than previous quarter

Overall: decreasing (10.92%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 58.4 (%).Trend:Decrease 11.7% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 63.6 (%).Trend:Increase 8.9% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 71.25 (%).Trend:Increase 12.03% than previous quarter

Overall: increasing (22.0%). 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 -47.97 (%).Trend:Decrease 73.38% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -42.94 (%).Trend:Decrease 10.49% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -26.31 (%).Trend:Decrease 38.73% than previous quarter

Overall: increasing (-45.15%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing data from Q3 2019 to Q2 2020 reveals significant shifts. Liabilities on revenue increased substantially (247.24%) with high fluctuation, while current assets on revenue also rose (102.32%) with similar volatility. Cost efficiency shows a decreasing ratio of retained earnings to revenue (-10.92%) alongside an increasing SG&A expense ratio (22.0%) with little variation. Investment efficiency metrics indicate increasing retained earnings on assets (-45.15%) with significant fluctuation. The absence of Earnings Per Share data limits a complete assessment. Overall, the company experienced substantial changes in financial ratios, requiring further investigation.