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 29.14 (%).Trend:Decrease 40.09% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 92.24 (%).Trend:Increase 216.54% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 47.08 (%).Trend:Decrease 48.96% than previous quarter

Overall: increasing (61.56%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 44.43 (%).Trend:Decrease 38.04% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 171.08 (%).Trend:Increase 285.06% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 69.8 (%).Trend:Decrease 59.2% than previous quarter

Overall: increasing (57.1%). 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 13.73 (%).Trend:Decrease 31.86% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 44.5 (%).Trend:Increase 224.11% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 24.24 (%).Trend:Decrease 45.53% than previous quarter

Overall: increasing (76.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.46 (%).Trend:Decrease 1.07% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.78 (%).Trend:Increase 11.27% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.1 (%).Trend:Decrease 11.23% than previous quarter

Overall: decreasing (-1.22%). 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 14.91 (%).Trend:Increase 6.5% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 13.36 (%).Trend:Decrease 10.4% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 16.36 (%).Trend:Increase 22.46% than previous quarter

Overall: increasing (9.73%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


The Q3 2019 to Q2 2020 data demonstrates substantial increases in liabilities and current assets on revenue, along with a significant rise in the ratio of retained earnings to revenue. These increases suggest potential growth but necessitate further examination of underlying factors. The SG&A expense ratio slightly decreased and retained earnings on assets moderately improved.