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 31.51 (%).Trend:Decrease 26.62% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 132.05 (%).Trend:Increase 319.07% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 85.26 (%).Trend:Decrease 35.43% than previous quarter

Overall: increasing (170.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 58.44 (%).Trend:Decrease 33.37% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 195.55 (%).Trend:Increase 234.62% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 102.11 (%).Trend:Decrease 47.78% than previous quarter

Overall: increasing (74.73%). 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 132.19 (%).Trend:Decrease 30.59% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 448.15 (%).Trend:Increase 239.02% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 247.87 (%).Trend:Decrease 44.69% than previous quarter

Overall: increasing (87.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.36 (%).Trend:Increase 1.38% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.56 (%).Trend:Increase 16.3% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.01 (%).Trend:Increase 5.26% than previous quarter

Overall: increasing (22.42%). 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 68.31 (%).Trend:Increase 3.97% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 68.55 (%).Trend:Increase 0.35% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 69.18 (%).Trend:Increase 0.92% than previous quarter

Overall: increasing (1.27%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 6.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 83.33% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-66.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 show a pattern of substantial fluctuation. Liabilities on revenue had a sharp increase, followed by a significant decrease. Current assets on revenue also exhibited significant increases and decreases. Cost efficiency, while steady in the SG&A expense ratio, displays a large increase and decrease in the retained earnings ratio. Investment efficiency is characterized by stable and slight increases in retained earnings on assets. Earnings per share showed a substantial decrease, raising concern about profit trend stability during the period.  Overall, the financial performance is characterized by significant volatility requiring deeper investigation into the underlying factors.