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 38.2 (%).Trend:Decrease 52.22% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 111.87 (%).Trend:Increase 192.85% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 73.89 (%).Trend:Decrease 33.95% than previous quarter

Overall: increasing (93.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 96.41 (%).Trend:Decrease 39.47% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 364.03 (%).Trend:Increase 277.59% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 253.12 (%).Trend:Decrease 30.47% than previous quarter

Overall: increasing (162.55%). 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 94.37 (%).Trend:Decrease 31.91% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 238.13 (%).Trend:Increase 152.34% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 151.04 (%).Trend:Decrease 36.57% than previous quarter

Overall: increasing (60.05%). 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 46.84 (%).Trend:Increase 8.68% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 27.28 (%).Trend:Decrease 41.76% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 22.63 (%).Trend:Decrease 17.05% than previous quarter

Overall: decreasing (-51.69%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.79 (USD).Trend:Increase 83.72% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.12 (USD).Trend:Decrease 115.19% than previous quarter
Year 2020 Quarter 2: Earning Per Share -1.25 (USD).Trend:Increase 941.67% than previous quarter

Overall: decreasing (-258.23%). Fluctuation: **Significant** (high variation).



Significant fluctuations characterize all observed financial metrics from Q3 2019 to Q2 2020.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all show overall increases despite substantial quarter-to-quarter variations. Conversely, retained earnings on assets and earnings per share demonstrate overall decreases with equally significant fluctuations.