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 27.93 (%).Trend:Decrease 22.93% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 198.17 (%).Trend:Increase 609.52% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 148.98 (%).Trend:Decrease 24.82% than previous quarter

Overall: increasing (433.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 7.11 (%).Trend:Decrease 35.6% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 143.79 (%).Trend:Increase 1922.36% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 139.09 (%).Trend:Decrease 3.27% than previous quarter

Overall: increasing (1856.26%). 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 41.03 (%).Trend:Decrease 30.45% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 244.0 (%).Trend:Increase 494.69% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 157.29 (%).Trend:Decrease 35.54% than previous quarter

Overall: increasing (283.35%). 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 17.99 (%).Trend:Decrease 3.8% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 15.21 (%).Trend:Decrease 15.45% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 12.65 (%).Trend:Decrease 16.83% than previous quarter

Overall: decreasing (-29.68%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 2.19 (USD).Trend:Increase 5.8% than previous quarter
Year 2020 Quarter 1: Earning Per Share -1.37 (USD).Trend:Decrease 162.56% than previous quarter
Year 2020 Quarter 2: Earning Per Share -2.59 (USD).Trend:Increase 89.05% than previous quarter

Overall: decreasing (-218.26%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2019 to Q2 2020 reveals significant volatility across key metrics.  Working capital efficiency metrics (liabilities and current assets on revenue) increased drastically in Q1 2020, then decreased. Cost efficiency, represented by the ratio of retained earnings to revenue, also rose sharply in Q1 2020, but declined thereafter. Investment efficiency, measured by retained earnings on assets, decreased throughout the period, exhibiting moderate variation. Earnings per share declined sharply. The data imply substantial fluctuations in financial performance.