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 148.68 (%).Trend:Decrease 55.18% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 478.95 (%).Trend:Increase 222.13% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 252.07 (%).Trend:Decrease 47.37% than previous quarter

Overall: increasing (69.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 196.59 (%).Trend:Decrease 28.69% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 714.07 (%).Trend:Increase 263.23% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 311.0 (%).Trend:Decrease 56.45% than previous quarter

Overall: increasing (58.2%). 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 84.55 (%).Trend:Decrease 24.37% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 224.24 (%).Trend:Increase 165.22% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 101.7 (%).Trend:Decrease 54.65% than previous quarter

Overall: increasing (20.28%). 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 4.46 (%).Trend:Increase 7.99% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 3.74 (%).Trend:Decrease 16.14% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 3.48 (%).Trend:Decrease 6.95% than previous quarter

Overall: decreasing (-21.97%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.12 (USD).Trend:Decrease 192.31% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.23 (USD).Trend:Decrease 291.67% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.35 (USD).Trend:Increase 52.17% than previous quarter

Overall: decreasing (-391.67%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2019 to Q2 2020 reveals significant volatility.  Working capital efficiency, measured by liabilities and current assets on revenue, demonstrates increases with substantial fluctuation. Cost efficiency, as measured by the ratio of retained earnings to revenue, displayed an overall increase of 20.28% but with significant quarter-to-quarter variations. Investment efficiency, measured by retained earnings on assets, shows a modest overall decrease (-21.97%), indicating a more stable trend. Earnings per share decreased sharply (-391.67%) with high quarter-to-quarter volatility.