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 38.81 (%).Trend:Decrease 44.83% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 77.55 (%).Trend:Increase 99.82% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 41.25 (%).Trend:Decrease 46.81% than previous quarter

Overall: increasing (6.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 19.09 (%).Trend:Decrease 34.26% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 68.68 (%).Trend:Increase 259.77% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 31.32 (%).Trend:Decrease 54.4% than previous quarter

Overall: increasing (64.06%). 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 66.76 (%).Trend:Decrease 32.06% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 212.76 (%).Trend:Increase 218.69% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 110.4 (%).Trend:Decrease 48.11% than previous quarter

Overall: increasing (65.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.44 (%).Trend:Decrease 0.19% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.85 (%).Trend:Increase 3.93% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.77 (%).Trend:Decrease 0.74% than previous quarter

Overall: increasing (3.16%). 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 23.09 (%).Trend:Increase 1.81% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 23.72 (%).Trend:Increase 2.73% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 24.22 (%).Trend:Increase 2.11% than previous quarter

Overall: increasing (4.89%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 2.44 (USD).Trend:Increase 61.59% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.77 (USD).Trend:Decrease 68.44% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.48 (USD).Trend:Increase 92.21% than previous quarter

Overall: decreasing (-39.34%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2019 to Q2 2020 shows mixed results.  Working capital efficiency exhibits significant variation, with fluctuating liabilities and current assets on revenue.  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows substantial overall growth but significant fluctuations.  The SG&A expense ratio displays a modest upward trend with minimal variation. Invest efficiency, measured by retained earnings on assets, exhibits a consistent, small increase.  Earnings per share demonstrate substantial fluctuation, decreasing overall.