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 48.43 (%).Trend:Decrease 19.96% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 120.51 (%).Trend:Increase 148.83% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 56.83 (%).Trend:Decrease 52.84% than previous quarter

Overall: increasing (17.34%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 57.88 (%).Trend:Decrease 35.53% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 209.31 (%).Trend:Increase 261.63% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 112.22 (%).Trend:Decrease 46.39% than previous quarter

Overall: increasing (93.88%). 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 95.98 (%).Trend:Decrease 38.02% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 265.5 (%).Trend:Increase 176.62% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 145.73 (%).Trend:Decrease 45.11% than previous quarter

Overall: increasing (51.83%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.9 (%).Trend:Decrease 7.19% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.77 (%).Trend:Decrease 12.7% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.55 (%).Trend:Decrease 2.83% than previous quarter

Overall: decreasing (-15.17%). 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 37.13 (%).Trend:Decrease 3.73% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 35.64 (%).Trend:Decrease 4.01% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 37.79 (%).Trend:Increase 6.03% than previous quarter

Overall: increasing (1.78%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 3.18 (USD).Trend:Increase 74.73% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.33 (USD).Trend:Decrease 58.18% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.53 (USD).Trend:Increase 90.23% than previous quarter

Overall: decreasing (-20.44%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2019 to Q2 2020 show considerable fluctuations. Liabilities on revenue increased, while current assets on revenue also increased significantly. The ratio of retained earnings to revenue increased substantially, but with significant volatility. SG&A expense ratio decreased slightly. Investment efficiency shows a minor decrease in retained earnings on assets, with minimal fluctuation. Earnings per share decreased, exhibiting major fluctuations.