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 56.53 (%).Trend:Decrease 44.3% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 198.29 (%).Trend:Increase 250.77% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 92.33 (%).Trend:Decrease 53.44% than previous quarter

Overall: increasing (63.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 49.05 (%).Trend:Decrease 42.62% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 188.72 (%).Trend:Increase 284.75% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 90.58 (%).Trend:Decrease 52.0% than previous quarter

Overall: increasing (84.67%). 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 50.93 (%).Trend:Decrease 31.36% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 183.75 (%).Trend:Increase 260.79% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 94.44 (%).Trend:Decrease 48.6% than previous quarter

Overall: increasing (85.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.51 (%).Trend:Decrease 4.02% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.71 (%).Trend:Decrease 7.61% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.05 (%).Trend:Increase 3.5% than previous quarter

Overall: decreasing (-4.38%). 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 41.61 (%).Trend:Increase 11.95% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 40.97 (%).Trend:Decrease 1.54% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 42.31 (%).Trend:Increase 3.27% than previous quarter

Overall: increasing (1.68%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 14.0 (USD).Trend:Increase 75.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 85.71% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-85.71%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2019 to Q2 2020 reveals significant volatility in several key financial metrics. Liabilities, current assets, and retained earnings relative to revenue increased significantly, but quarter-to-quarter changes were substantial.  The SG&A expense ratio decreased slightly and consistently. Retained earnings on assets showed a minor overall increase with little fluctuation. Earnings per share declined sharply.