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 11.02 (%).Trend:Decrease 33.05% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 30.14 (%).Trend:Increase 173.5% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 14.69 (%).Trend:Decrease 51.26% than previous quarter

Overall: increasing (33.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 32.69 (%).Trend:Decrease 35.09% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 100.53 (%).Trend:Increase 207.53% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 45.31 (%).Trend:Decrease 54.93% than previous quarter

Overall: increasing (38.61%). 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 -11.98 (%).Trend:Decrease 31.54% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -38.27 (%).Trend:Increase 219.45% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -18.13 (%).Trend:Decrease 52.63% than previous quarter

Overall: decreasing (51.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.29 (%).Trend:Increase 2.26% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.75 (%).Trend:Increase 4.07% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.53 (%).Trend:Decrease 10.38% than previous quarter

Overall: decreasing (-6.73%). 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 -22.6 (%).Trend:Increase 3.81% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -23.88 (%).Trend:Increase 5.66% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -24.69 (%).Trend:Increase 3.39% than previous quarter

Overall: decreasing (9.25%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share -0.8 (USD).Trend:Increase 1900.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 90.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.63 (USD).Trend:Decrease 887.5% than previous quarter

Overall: increasing (-178.75%). Fluctuation: **Significant** (high variation).



The financial statements from Q3 2019 to Q2 2020 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue decreased 33.05% in Q3 2019, then increased 173.5% in Q1 2020, and then decreased 51.26% in Q2 2020, indicating volatile trends. Current assets on revenue similarly experienced large swings, decreasing 35.09% in Q3 2019, then increasing 207.53% in Q1 2020, before decreasing by 54.93% in Q2 2020.  Cost efficiency shows a negative trend in the ratio of retained earnings to revenue.  The Selling, General, and Administrative (SG&A) expense ratio showed a decrease over the period. Investment efficiency, measured by retained earnings on assets, also displays significant fluctuations and decreasing overall trends.  Earning per share shows a highly volatile pattern, with substantial increases and decreases between quarters.