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 27.93 (%).Trend:Decrease 22.93% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 198.17 (%).Trend:Increase 609.52% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 148.98 (%).Trend:Decrease 24.82% than previous quarter

Overall: increasing (433.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 7.11 (%).Trend:Decrease 35.6% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 143.79 (%).Trend:Increase 1922.36% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 139.09 (%).Trend:Decrease 3.27% than previous quarter

Overall: increasing (1856.26%). 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 41.03 (%).Trend:Decrease 30.45% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 244.0 (%).Trend:Increase 494.69% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 157.29 (%).Trend:Decrease 35.54% than previous quarter

Overall: increasing (283.35%). 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 17.99 (%).Trend:Decrease 3.8% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 15.21 (%).Trend:Decrease 15.45% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 12.65 (%).Trend:Decrease 16.83% than previous quarter

Overall: decreasing (-29.68%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 2.19 (USD).Trend:Increase 5.8% than previous quarter
Year 2020 Quarter 1: Earning Per Share -1.37 (USD).Trend:Decrease 162.56% than previous quarter
Year 2020 Quarter 2: Earning Per Share -2.59 (USD).Trend:Increase 89.05% than previous quarter

Overall: decreasing (-218.26%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 show a period of significant volatility. Working capital efficiency, specifically liabilities and current assets as a percentage of revenue, experienced substantial increases in Q1 2020, but followed by a decrease in Q2 2020. Cost efficiency, as represented by the ratio of retained earnings to revenue, also increased significantly in Q1 2020, followed by a decline in Q2 2020.  Investment efficiency, however, decreased steadily throughout. Earnings per share declined substantially. The analysis highlights substantial fluctuations in performance metrics throughout the period.