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 20.98 (%).Trend:Decrease 43.11% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 133.25 (%).Trend:Increase 535.13% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 29.26 (%).Trend:Decrease 78.04% than previous quarter

Overall: increasing (39.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 61.56 (%).Trend:Decrease 39.09% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 253.6 (%).Trend:Increase 311.96% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 99.98 (%).Trend:Decrease 60.58% than previous quarter

Overall: increasing (62.41%). 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 -116.63 (%).Trend:Decrease 33.36% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -337.58 (%).Trend:Increase 189.45% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -181.84 (%).Trend:Decrease 46.13% than previous quarter

Overall: decreasing (55.91%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.79 (%).Trend:Decrease 1.84% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.66 (%).Trend:Decrease 3.92% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.42 (%).Trend:Increase 2.75% than previous quarter

Overall: decreasing (-1.29%). 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 -37.7 (%).Trend:Increase 4.37% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -33.48 (%).Trend:Decrease 11.19% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -36.19 (%).Trend:Increase 8.09% than previous quarter

Overall: increasing (-4.01%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q3 2019 to Q2 2020 indicate significant volatility in working capital. Liabilities on revenue saw a substantial drop, then a huge rise, and a further decrease. Current assets on revenue also display a similarly unstable pattern.  Cost efficiency shows a significant downward trend in the retained earnings to revenue ratio, but a relatively stable selling, general, and administrative (SG&A) expense ratio. Invest efficiency exhibits substantial fluctuation in retained earnings on assets.  Overall, significant volatility in key financial metrics is observed across the three-quarter period, requiring further analysis to understand trends.