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 46.27 (%).Trend:Decrease 29.12% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 101.23 (%).Trend:Increase 118.78% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 53.78 (%).Trend:Decrease 46.87% than previous quarter

Overall: increasing (16.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 158.09 (%).Trend:Decrease 26.66% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 501.88 (%).Trend:Increase 217.46% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 261.24 (%).Trend:Decrease 47.95% than previous quarter

Overall: increasing (65.25%). 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 245.33 (%).Trend:Decrease 26.23% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 769.52 (%).Trend:Increase 213.67% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 403.26 (%).Trend:Decrease 47.6% than previous quarter

Overall: increasing (64.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.88 (%).Trend:Increase 11.65% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.81 (%).Trend:Decrease 3.07% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.68 (%).Trend:Increase 2.57% than previous quarter

Overall: decreasing (-0.57%). 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 67.79 (%).Trend:Decrease 0.1% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 66.45 (%).Trend:Decrease 1.98% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 66.46 (%).Trend:Increase 0.02% than previous quarter

Overall: decreasing (-1.96%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency, cost efficiency, and investment efficiency show significant volatility in the three quarters (Q3 2019-Q2 2020).  Liabilities on revenue increased from 46.27% to 101.23% then dropped to 53.78%.  Current assets on revenue also increased sharply from 158.09% to 501.88% then decreased to 261.24%. The ratio of retained earnings to revenue shows a similar pattern of significant increase, from 245.33% to 769.52%, then a significant decrease to 403.26%.  SG&A expense ratios show minimal fluctuation with a slight decrease in Q1 2020 before rising again in Q2 2020.  Retained earnings on assets trended downward with small variations between quarters. Overall, the data indicates high volatility across key financial metrics.