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 31.79 (%).Trend:Decrease 22.71% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 78.45 (%).Trend:Increase 146.78% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 40.58 (%).Trend:Decrease 48.27% than previous quarter

Overall: increasing (27.65%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 49.96 (%).Trend:Decrease 37.2% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 185.85 (%).Trend:Increase 272.0% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 70.34 (%).Trend:Decrease 62.15% than previous quarter

Overall: increasing (40.79%). 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 40.78 (%).Trend:Decrease 22.16% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 190.36 (%).Trend:Increase 366.8% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 96.59 (%).Trend:Decrease 49.26% than previous quarter

Overall: increasing (136.86%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.74 (%).Trend:Increase 0.11% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.99 (%).Trend:Increase 1.41% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.75 (%).Trend:Decrease 23.57% than previous quarter

Overall: decreasing (-22.49%). 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 16.58 (%).Trend:Increase 11.73% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 19.69 (%).Trend:Increase 18.76% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 21.77 (%).Trend:Increase 10.56% than previous quarter

Overall: increasing (31.3%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.9 (USD).Trend:Increase 38.46% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.37 (USD).Trend:Decrease 58.89% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.73 (USD).Trend:Increase 97.3% than previous quarter

Overall: decreasing (-18.89%). Fluctuation: **Significant** (high variation).



Working capital efficiency for Q3 2019 to Q2 2020 demonstrates significant fluctuation in both liabilities and current assets relative to revenue. Cost efficiency shows large swings in the retained earnings-to-revenue ratio, while SG&A expense ratio has a neutral fluctuation. Investment efficiency shows a neutral upward trend in retained earnings on assets.  Earning per share decreased overall with significant fluctuations between quarters.