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 24.91 (%).Trend:Decrease 32.84% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 82.4 (%).Trend:Increase 230.79% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 42.2 (%).Trend:Decrease 48.79% than previous quarter

Overall: increasing (69.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 58.54 (%).Trend:Decrease 31.22% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 228.73 (%).Trend:Increase 290.72% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 125.23 (%).Trend:Decrease 45.25% than previous quarter

Overall: increasing (113.92%). 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 38.13 (%).Trend:Decrease 31.1% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 127.1 (%).Trend:Increase 233.33% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 70.32 (%).Trend:Decrease 44.67% than previous quarter

Overall: increasing (84.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.3 (%).Trend:Decrease 0.75% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.36 (%).Trend:Increase 0.45% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.08 (%).Trend:Increase 5.39% than previous quarter

Overall: increasing (5.86%). 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 29.54 (%).Trend:Increase 2.75% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 26.19 (%).Trend:Decrease 11.34% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 26.8 (%).Trend:Increase 2.33% than previous quarter

Overall: decreasing (-9.28%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.68 (USD).Trend:Decrease 66.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.12 (USD).Trend:Increase 64.71% than previous quarter

Overall: decreasing (-44.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2019 to Q2 2020 reveal high volatility in working capital efficiency metrics. Liabilities and current assets on revenue increased markedly, then decreased significantly. Cost efficiency, specifically the ratio of retained earnings to revenue, showed large swings.  SG&A expense ratios remained relatively stable. Investment efficiency displayed little variation. Earnings per share decreased significantly before exhibiting partial recovery.