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 16.81 (%).Trend:Decrease 33.64% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 51.83 (%).Trend:Increase 208.33% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 26.42 (%).Trend:Decrease 49.03% than previous quarter

Overall: increasing (57.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 23.35 (%).Trend:Decrease 35.76% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 77.02 (%).Trend:Increase 229.85% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 37.5 (%).Trend:Decrease 51.31% than previous quarter

Overall: increasing (60.6%). 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 10.79 (%).Trend:Decrease 33.06% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 33.54 (%).Trend:Increase 210.84% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 17.94 (%).Trend:Decrease 46.51% than previous quarter

Overall: increasing (66.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.6 (%).Trend:Decrease 1.42% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.75 (%).Trend:Increase 3.76% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.94 (%).Trend:Decrease 5.7% than previous quarter

Overall: decreasing (-2.16%). 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 12.62 (%).Trend:Increase 3.19% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 12.31 (%).Trend:Decrease 2.46% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 13.52 (%).Trend:Increase 9.83% than previous quarter

Overall: increasing (7.13%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 2.3 (USD).Trend:Increase 152.75% than previous quarter
Year 2020 Quarter 1: Earning Per Share 3.12 (USD).Trend:Increase 35.65% than previous quarter
Year 2020 Quarter 2: Earning Per Share 11.58 (USD).Trend:Increase 271.15% than previous quarter

Overall: increasing (403.48%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 show considerable variability in working capital and cost efficiency.  Liabilities and current assets on revenue fluctuate substantially. The retained earnings to revenue ratio shows substantial change. The SG&A expense ratio has a minor overall decrease. Investment efficiency saw a moderate increase in retained earnings on assets. Earnings per share show substantial growth over the period.