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 22.98 (%).Trend:Decrease 29.01% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 61.2 (%).Trend:Increase 166.32% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 42.75 (%).Trend:Decrease 30.15% than previous quarter

Overall: increasing (86.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 21.07 (%).Trend:Decrease 30.71% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 93.94 (%).Trend:Increase 345.85% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 62.1 (%).Trend:Decrease 33.89% than previous quarter

Overall: increasing (194.73%). 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 7.8 (%).Trend:Decrease 31.88% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 24.77 (%).Trend:Increase 217.56% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 9.94 (%).Trend:Decrease 59.87% than previous quarter

Overall: increasing (27.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 42.83 (%).Trend:Increase 1.42% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 41.25 (%).Trend:Decrease 3.69% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.27 (%).Trend:Increase 9.75% than previous quarter

Overall: increasing (5.7%). 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 4.97 (%).Trend:Increase 1.02% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 5.24 (%).Trend:Increase 5.43% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 3.27 (%).Trend:Decrease 37.6% than previous quarter

Overall: decreasing (-34.21%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.37 (USD).Trend:Increase 5.71% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 67.57% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.42 (USD).Trend:Decrease 450.0% than previous quarter

Overall: decreasing (-213.51%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2019 to Q2 2020 shows a mixed bag.  Working capital efficiency demonstrates increases in both liabilities and current assets as a percentage of revenue, but with significant variation. Cost efficiency, as measured by the ratio of retained earnings to revenue, also increased, but with substantial volatility. SG&A expense ratio shows a small overall increase.  Investment efficiency saw a decline in retained earnings on assets. Earnings per share experienced a substantial overall decline.