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 16.8 (%).Trend:Decrease 33.09% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 36.99 (%).Trend:Increase 120.18% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 17.09 (%).Trend:Decrease 53.8% than previous quarter

Overall: increasing (1.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 47.86 (%).Trend:Decrease 28.96% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 133.33 (%).Trend:Increase 178.58% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 85.6 (%).Trend:Decrease 35.8% than previous quarter

Overall: increasing (78.85%). 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 8.98 (%).Trend:Decrease 11.09% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 40.94 (%).Trend:Increase 355.9% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 28.4 (%).Trend:Decrease 30.63% than previous quarter

Overall: increasing (216.26%). 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 10.47 (%).Trend:Increase 28.0% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 15.88 (%).Trend:Increase 51.67% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 17.59 (%).Trend:Increase 10.77% than previous quarter

Overall: increasing (68.0%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.26 (USD).Trend:Increase 52.94% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.11 (USD).Trend:Decrease 57.69% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.18 (USD).Trend:Increase 63.64% than previous quarter

Overall: decreasing (-30.77%). Fluctuation: **Significant** (high variation).



Working capital efficiency reveals significant fluctuation. Liabilities on revenue decreased in Q3 2019, then increased significantly in Q1 2020, and decreased again in Q2 2020. Current assets on revenue also showed a large decrease in Q3 2019, followed by a substantial increase in Q1 2020 and a decrease in Q2 2020.  Cost efficiency, measured by the ratio of retained earnings to revenue, demonstrates a similar pattern of highly variable trends with large increases and decreases.  Investment efficiency, represented by retained earnings on assets, shows a more stable pattern of growth. Earnings per share reveal significant volatility, with an increase in Q3 2019, a decrease in Q1 2020, and an increase in Q2 2020.