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 24.59 (%).Trend:Decrease 32.46% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 110.85 (%).Trend:Increase 350.79% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 35.6 (%).Trend:Decrease 67.88% than previous quarter

Overall: increasing (44.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 78.04 (%).Trend:Decrease 28.04% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 262.48 (%).Trend:Increase 236.34% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 127.57 (%).Trend:Decrease 51.4% than previous quarter

Overall: increasing (63.47%). 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 52.28 (%).Trend:Decrease 27.89% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 177.96 (%).Trend:Increase 240.4% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 74.03 (%).Trend:Decrease 58.4% than previous quarter

Overall: increasing (41.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.47 (%).Trend:Decrease 0.61% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.11 (%).Trend:Decrease 5.56% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.96 (%).Trend:Decrease 2.45% than previous quarter

Overall: decreasing (-7.88%). 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 28.83 (%).Trend:Increase 5.84% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 29.28 (%).Trend:Increase 1.56% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 24.71 (%).Trend:Decrease 15.61% than previous quarter

Overall: decreasing (-14.29%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2019 to Q2 2020 show substantial fluctuations in working capital efficiency, with both liabilities and current assets on revenue experiencing large increases and decreases.  Cost efficiency reveals a significant increase in the ratio of retained earnings to revenue, but also significant variation.  The Selling, General & Administrative (SG&A) expense ratio shows a decrease, with relatively little fluctuation.  Investment efficiency, measured by retained earnings on assets, also shows a decrease, although fluctuation is minimal.  Unfortunately, earning per share data is missing.