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 18.35 (%).Trend:Decrease 35.36% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 52.82 (%).Trend:Increase 187.85% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 26.63 (%).Trend:Decrease 49.58% than previous quarter

Overall: increasing (45.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 79.26 (%).Trend:Decrease 28.82% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 282.39 (%).Trend:Increase 256.28% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 188.8 (%).Trend:Decrease 33.14% than previous quarter

Overall: increasing (138.2%). 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 24.43 (%).Trend:Decrease 19.95% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 95.8 (%).Trend:Increase 292.14% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 67.68 (%).Trend:Decrease 29.35% than previous quarter

Overall: increasing (177.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.04 (%).Trend:Increase 1.52% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.86 (%).Trend:Increase 10.2% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.13 (%).Trend:Increase 14.33% than previous quarter

Overall: increasing (26.0%). Fluctuation: **Neutral** (moderate 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 14.7 (%).Trend:Increase 16.76% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 17.37 (%).Trend:Increase 18.16% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 18.17 (%).Trend:Increase 4.61% than previous quarter

Overall: increasing (23.61%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.53 (USD).Trend:Increase 35.4% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.4 (USD).Trend:Decrease 73.86% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.53 (USD).Trend:Increase 32.5% than previous quarter

Overall: decreasing (-65.36%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2019 to Q2 2020 shows significant fluctuation in working capital efficiency, with liabilities and current assets on revenue experiencing considerable quarter-to-quarter variance but trending upward overall.  Cost efficiency mirrors this pattern with a sharp increase in the retained earnings-to-revenue ratio and a neutral SG&A expense ratio.  Investment efficiency shows a neutral fluctuation in retained earnings on assets. Earnings per share, however, declined significantly in Q1 2020, rebounding slightly in Q2 2020, overall demonstrating a significant decrease.