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 16.64 (%).Trend:Decrease 37.18% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 76.39 (%).Trend:Increase 359.07% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 62.16 (%).Trend:Decrease 18.63% than previous quarter

Overall: increasing (273.56%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 56.31 (%).Trend:Decrease 35.1% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 246.27 (%).Trend:Increase 337.35% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 150.59 (%).Trend:Decrease 38.85% than previous quarter

Overall: increasing (167.43%). 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 -17.03 (%).Trend:Increase 782.38% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -414.46 (%).Trend:Increase 2333.71% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -305.7 (%).Trend:Decrease 26.24% than previous quarter

Overall: decreasing (1695.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.79 (%).Trend:Increase 16.35% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.96 (%).Trend:Increase 17.82% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 49.66 (%).Trend:Increase 136.93% than previous quarter

Overall: increasing (179.15%). Fluctuation: **Significant** (high 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 -11.52 (%).Trend:Increase 1304.88% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -90.96 (%).Trend:Increase 689.58% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -85.72 (%).Trend:Decrease 5.76% than previous quarter

Overall: decreasing (644.1%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share -3.24 (USD).Trend:Increase 4528.57% than previous quarter
Year 2020 Quarter 1: Earning Per Share -10.52 (USD).Trend:Increase 224.69% than previous quarter
Year 2020 Quarter 2: Earning Per Share -55.0 (USD).Trend:Increase 422.81% than previous quarter

Overall: decreasing (1597.53%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 reveal substantial volatility. Liabilities and current assets on revenue experienced significant fluctuations, showing increases and decreases. The ratio of retained earnings to revenue decreased drastically, while the SG&A expense ratio showed a significant increase. Investment efficiency and earnings per share decreased substantially and with significant variations. This suggests a highly volatile financial performance.