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 48.9 (%).Trend:Decrease 27.94% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 121.62 (%).Trend:Increase 148.71% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 95.57 (%).Trend:Decrease 21.42% than previous quarter

Overall: increasing (95.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 240.9 (%).Trend:Decrease 27.97% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 723.27 (%).Trend:Increase 200.24% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 487.63 (%).Trend:Decrease 32.58% than previous quarter

Overall: increasing (102.42%). 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 74.9 (%).Trend:Decrease 20.92% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 249.44 (%).Trend:Increase 233.03% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 160.8 (%).Trend:Decrease 35.54% than previous quarter

Overall: increasing (114.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.36 (%).Trend:Decrease 1.4% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.72 (%).Trend:Increase 2.69% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.53 (%).Trend:Increase 35.06% than previous quarter

Overall: increasing (38.7%). Fluctuation: **Neutral** (moderate 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 21.39 (%).Trend:Increase 10.89% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 24.65 (%).Trend:Increase 15.24% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 23.58 (%).Trend:Decrease 4.34% than previous quarter

Overall: increasing (10.24%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 2.36 (USD).Trend:Increase 49.37% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.8 (USD).Trend:Decrease 66.1% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.82 (USD).Trend:Increase 2.5% than previous quarter

Overall: decreasing (-65.25%). Fluctuation: **Significant** (high variation).



From Q3 2019 to Q2 2020, liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all increased significantly, demonstrating high variation.  The SG&A expense ratio also increased significantly, however with moderate fluctuation. Retained earnings on assets showed a modest increase with minimal fluctuation. Earnings per share decreased significantly with high variation.