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 73.67 (%).Trend:Decrease 35.04% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 242.0 (%).Trend:Increase 228.49% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 103.32 (%).Trend:Decrease 57.31% than previous quarter

Overall: increasing (40.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 44.71 (%).Trend:Decrease 38.61% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 162.59 (%).Trend:Increase 263.65% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 72.28 (%).Trend:Decrease 55.54% than previous quarter

Overall: increasing (61.66%). 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 33.56 (%).Trend:Decrease 33.77% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 110.47 (%).Trend:Increase 229.17% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 58.81 (%).Trend:Decrease 46.76% than previous quarter

Overall: increasing (75.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 18.93 (%).Trend:Increase 1.94% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 19.31 (%).Trend:Increase 2.01% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 21.97 (%).Trend:Increase 13.78% than previous quarter

Overall: increasing (16.06%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q3 2019 to Q2 2020 indicates significant fluctuations in working capital efficiency. Liabilities and current assets on revenue both show increasing trends with high variability across the quarters.  Cost efficiency, measured by the ratio of retained earnings to revenue, also exhibits an increase with substantial volatility.  Investment efficiency shows relatively consistent increases, with minimal fluctuations.