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 39.37 (%).Trend:Decrease 24.3% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 102.91 (%).Trend:Increase 161.39% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 48.21 (%).Trend:Decrease 53.15% than previous quarter

Overall: increasing (22.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 67.75 (%).Trend:Decrease 33.4% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 198.54 (%).Trend:Increase 193.05% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 113.3 (%).Trend:Decrease 42.93% than previous quarter

Overall: increasing (67.23%). 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 38.49 (%).Trend:Decrease 31.79% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 100.23 (%).Trend:Increase 160.41% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 53.79 (%).Trend:Decrease 46.33% than previous quarter

Overall: increasing (39.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.14 (%).Trend:Decrease 3.34% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.58 (%).Trend:Decrease 5.52% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.8 (%).Trend:Increase 2.3% than previous quarter

Overall: decreasing (-3.35%). 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 21.54 (%).Trend:Increase 1.89% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 18.83 (%).Trend:Decrease 12.58% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 18.34 (%).Trend:Decrease 2.6% than previous quarter

Overall: decreasing (-14.86%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.6 (USD).Trend:Increase 40.35% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.61 (USD).Trend:Decrease 61.88% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.75 (USD).Trend:Increase 22.95% than previous quarter

Overall: decreasing (-53.12%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2019 to Q2 2020 indicates significant fluctuation in working capital efficiency. Liabilities and current assets on revenue display substantial changes, reflecting a highly volatile pattern. Cost efficiency, measured by the ratio of retained earnings to revenue, exhibits an increasing trend, although significant quarterly variations exist. The SG&A expense ratio shows a modest decrease with little overall fluctuation. Investment efficiency shows a moderate decrease in retained earnings on assets, showing little variation. Earnings per share, however, display a substantial decline.