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 38.55 (%).Trend:Decrease 38.33% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 75.63 (%).Trend:Increase 96.19% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 48.08 (%).Trend:Decrease 36.43% than previous quarter

Overall: increasing (24.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 84.13 (%).Trend:Decrease 26.36% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 250.1 (%).Trend:Increase 197.28% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 135.14 (%).Trend:Decrease 45.97% than previous quarter

Overall: increasing (60.63%). 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 30.06 (%).Trend:Decrease 4948.39% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 110.27 (%).Trend:Increase 266.83% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 60.43 (%).Trend:Decrease 45.2% than previous quarter

Overall: increasing (101.03%). 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 4.99 (%).Trend:Decrease 7228.57% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 7.17 (%).Trend:Increase 43.69% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 7.49 (%).Trend:Increase 4.46% than previous quarter

Overall: increasing (50.1%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 3.16 (USD).Trend:Increase 3060.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.02 (USD).Trend:Decrease 67.72% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.45 (USD).Trend:Increase 42.16% than previous quarter

Overall: decreasing (-54.11%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 reveal significant volatility across key metrics.  Working capital efficiency, measured by liabilities and current assets on revenue, shows substantial increases and decreases. Cost efficiency, as measured by the ratio of retained earnings to revenue, demonstrates a similar pattern of extreme fluctuations.  Investment efficiency, as measured by retained earnings on assets, shows a neutral, moderate variation.  Earnings per share also exhibits substantial volatility, with a significant decrease overall.