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 32.08 (%).Trend:Decrease 31.96% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 109.4 (%).Trend:Increase 241.02% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 55.25 (%).Trend:Decrease 49.5% than previous quarter

Overall: increasing (72.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 47.3 (%).Trend:Decrease 35.4% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 138.02 (%).Trend:Increase 191.8% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 69.35 (%).Trend:Decrease 49.75% than previous quarter

Overall: increasing (46.62%). 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 10.14 (%).Trend:Decrease 36.62% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 25.33 (%).Trend:Increase 149.8% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 11.54 (%).Trend:Decrease 54.44% than previous quarter

Overall: increasing (13.81%). 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 8.77 (%).Trend:Decrease 4.67% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 6.51 (%).Trend:Decrease 25.77% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 5.56 (%).Trend:Decrease 14.59% than previous quarter

Overall: decreasing (-36.6%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.15 (USD).Trend:Increase 36.36% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.71 (USD).Trend:Decrease 573.33% than previous quarter
Year 2020 Quarter 2: Earning Per Share -1.13 (USD).Trend:Increase 59.15% than previous quarter

Overall: decreasing (-853.33%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2019 to Q2 2020 indicates substantial fluctuations in key financial metrics. Liabilities on revenue saw a large decrease, then increased significantly. Current assets on revenue also demonstrated substantial changes.  Cost efficiency, as measured by retained earnings to revenue, similarly saw significant volatility, increasing then decreasing. Investment efficiency, as measured by retained earnings on assets, showed a steady decline. Earnings per share fell sharply, fluctuating significantly from positive to negative. Overall, the data reveals a period of significant and unpredictable financial performance variations across these key indicators.