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 32.43 (%).Trend:Decrease 23.84% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 91.27 (%).Trend:Increase 181.44% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 52.46 (%).Trend:Decrease 42.52% than previous quarter

Overall: increasing (61.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 42.39 (%).Trend:Decrease 25.04% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 171.37 (%).Trend:Increase 304.27% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 81.59 (%).Trend:Decrease 52.39% than previous quarter

Overall: increasing (92.47%). 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 23.62 (%).Trend:Decrease 25.84% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 77.68 (%).Trend:Increase 228.87% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 45.52 (%).Trend:Decrease 41.4% than previous quarter

Overall: increasing (92.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 16.63 (%).Trend:Increase 5.25% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 16.37 (%).Trend:Decrease 1.56% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 18.31 (%).Trend:Increase 11.85% than previous quarter

Overall: increasing (10.1%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.17 (USD).Trend:Increase 53.95% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.36 (USD).Trend:Decrease 69.23% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.68 (USD).Trend:Increase 88.89% than previous quarter

Overall: decreasing (-41.88%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 reveal a pattern of substantial fluctuation in working capital and cost efficiency.  Liabilities and current assets on revenue show large increases and decreases across the three quarters.  The ratio of retained earnings to revenue demonstrates similar variability.  Investment efficiency, measured by retained earnings on assets, displays a relatively stable upward trend. Earnings per share (EPS) experience a substantial drop, followed by a partial recovery in the last quarter.