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 26.23 (%).Trend:Decrease 20.92% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 72.95 (%).Trend:Increase 178.12% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 39.12 (%).Trend:Decrease 46.37% than previous quarter

Overall: increasing (49.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 42.63 (%).Trend:Decrease 23.86% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 121.28 (%).Trend:Increase 184.49% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 57.67 (%).Trend:Decrease 52.45% than previous quarter

Overall: increasing (35.28%). 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 13.3 (%).Trend:Decrease 35.5% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 42.76 (%).Trend:Increase 221.5% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 22.79 (%).Trend:Decrease 46.7% than previous quarter

Overall: increasing (71.35%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.24 (%).Trend:Decrease 0.82% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.69 (%).Trend:Increase 20.03% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.36 (%).Trend:Decrease 3.8% than previous quarter

Overall: increasing (15.47%). 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 20.19 (%).Trend:Decrease 13.87% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 22.32 (%).Trend:Increase 10.55% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 24.74 (%).Trend:Increase 10.84% than previous quarter

Overall: increasing (22.54%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.5 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.6 (USD).Trend:Decrease 60.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.4 (USD).Trend:Increase 133.33% than previous quarter

Overall: decreasing (-6.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 show significant fluctuation in key metrics. Liabilities on revenue and current assets on revenue exhibit significant increases and decreases. The ratio of retained earnings to revenue shows substantial changes, as does SG&A expense ratio, with  retained earnings on assets showing a neutral trend.  Earnings per share, however, decrease overall, fluctuating greatly.  The significant variation across all metrics warrants further investigation to identify reasons for the volatility.