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 42.45 (%).Trend:Decrease 32.19% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 147.49 (%).Trend:Increase 247.44% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 78.92 (%).Trend:Decrease 46.49% than previous quarter

Overall: increasing (85.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 70.66 (%).Trend:Decrease 27.25% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 206.02 (%).Trend:Increase 191.57% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 113.85 (%).Trend:Decrease 44.74% than previous quarter

Overall: increasing (61.12%). 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 14.94 (%).Trend:Decrease 19.94% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 41.1 (%).Trend:Increase 175.1% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 23.18 (%).Trend:Decrease 43.6% than previous quarter

Overall: increasing (55.15%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 39.11 (%).Trend:Decrease 5.9% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 49.35 (%).Trend:Increase 26.18% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 49.01 (%).Trend:Decrease 0.69% than previous quarter

Overall: increasing (25.31%). 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 6.02 (%).Trend:Increase 18.5% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 5.37 (%).Trend:Decrease 10.8% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 5.38 (%).Trend:Increase 0.19% than previous quarter

Overall: decreasing (-10.63%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.24 (USD).Trend:Increase 69.86% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.15 (USD).Trend:Decrease 87.9% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.34 (USD).Trend:Increase 126.67% than previous quarter

Overall: decreasing (-72.58%). Fluctuation: **Significant** (high variation).



Finance Statement Response 1 details working capital efficiency, cost efficiency, investment efficiency, and earnings per share for the period Q3 2019 to Q2 2020.  Liabilities on revenue and current assets on revenue show significant fluctuation, increasing overall.  Cost efficiency, as measured by the ratio of retained earnings to revenue and SG&A expense ratio, also shows significant increases but with substantial variation.  Investment efficiency (retained earnings on assets) shows a slight overall decrease, with little fluctuation. Earnings per share experienced a significant decrease overall with high variation.