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 50.05 (%).Trend:Decrease 26.62% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 254.88 (%).Trend:Increase 409.25% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 85.79 (%).Trend:Decrease 66.34% than previous quarter

Overall: increasing (71.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 56.93 (%).Trend:Decrease 33.1% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 284.93 (%).Trend:Increase 400.49% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 141.88 (%).Trend:Decrease 50.21% than previous quarter

Overall: increasing (149.22%). 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 76.41 (%).Trend:Decrease 32.31% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 288.66 (%).Trend:Increase 277.78% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 159.6 (%).Trend:Decrease 44.71% than previous quarter

Overall: increasing (108.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.92 (%).Trend:Decrease 1.81% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.53 (%).Trend:Increase 18.75% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.01 (%).Trend:Increase 6.98% than previous quarter

Overall: increasing (27.04%). Fluctuation: **Neutral** (moderate 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 51.58 (%).Trend:Increase 2.22% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 46.05 (%).Trend:Decrease 10.72% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 48.59 (%).Trend:Increase 5.52% than previous quarter

Overall: decreasing (-5.8%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.46 (USD).Trend:Increase 64.04% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.16 (USD).Trend:Decrease 89.04% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.14 (USD).Trend:Decrease 12.5% than previous quarter

Overall: decreasing (-90.41%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 reveal significant volatility in key financial metrics. Liabilities on revenue and current assets on revenue both exhibited large increases and decreases. The ratio of retained earnings to revenue increased then decreased repeatedly. Selling, General, and Administrative (SG&A) expenses showed a modest upward trend. Retained earnings on assets remained relatively stable. Earnings per share experienced a substantial decline.  The high variability across most areas suggests the need for a deeper analysis to identify the underlying reasons.