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 15.4 (%).Trend:Decrease 40.05% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 55.55 (%).Trend:Increase 260.71% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 31.25 (%).Trend:Decrease 43.74% than previous quarter

Overall: increasing (102.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 88.07 (%).Trend:Decrease 32.99% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 292.09 (%).Trend:Increase 231.66% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 230.08 (%).Trend:Decrease 21.23% than previous quarter

Overall: increasing (161.25%). 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 70.95 (%).Trend:Decrease 32.58% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 222.97 (%).Trend:Increase 214.26% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 107.36 (%).Trend:Decrease 51.85% than previous quarter

Overall: increasing (51.32%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.94 (%).Trend:Decrease 2.59% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.82 (%).Trend:Increase 12.55% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.72 (%).Trend:Decrease 8.13% than previous quarter

Overall: increasing (3.4%). 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 59.6 (%).Trend:Increase 1.17% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 57.3 (%).Trend:Decrease 3.86% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 38.64 (%).Trend:Decrease 32.57% than previous quarter

Overall: decreasing (-35.17%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.32 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.04 (USD).Trend:Decrease 112.5% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.02 (USD).Trend:Decrease 150.0% than previous quarter

Overall: decreasing (-93.75%). Fluctuation: **Significant** (high variation).



Analysis of three quarters (Q3 2019 - Q2 2020) reveals significant fluctuations in Liabilities on Revenue, Current Assets on Revenue, and Ratio of Retained Earnings to Revenue, all showing overall increases despite considerable quarter-to-quarter volatility.  The SG&A Expense Ratio showed a small overall increase with little fluctuation. Retained Earning on Assets decreased significantly, and Earning Per Share also experienced a major decrease. Invest Efficiency data is not detailed.