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 23.46 (%).Trend:Decrease 36.44% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 71.16 (%).Trend:Increase 203.32% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 37.03 (%).Trend:Decrease 47.96% than previous quarter

Overall: increasing (57.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 45.11 (%).Trend:Decrease 32.26% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 144.16 (%).Trend:Increase 219.57% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 71.38 (%).Trend:Decrease 50.49% than previous quarter

Overall: increasing (58.24%). 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 34.14 (%).Trend:Decrease 34.12% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 26.91 (%).Trend:Decrease 21.18% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 13.0 (%).Trend:Decrease 51.69% than previous quarter

Overall: decreasing (-61.92%). 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 22.17 (%).Trend:Decrease 1.16% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 6.34 (%).Trend:Decrease 71.4% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 5.67 (%).Trend:Decrease 10.57% than previous quarter

Overall: decreasing (-74.42%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -2.0 (USD).Trend:Decrease 200.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -2.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-200.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency in Q3 2019 to Q2 2020 demonstrates significant fluctuation. Liabilities on revenue rose dramatically in Q1 2020 after a decline in Q3 2019, then fell again in Q2 2020.  Current assets on revenue exhibit similar volatility, increasing substantially in Q1 2020 after declining in Q3 2019, and then decreased again in Q2 2020. Cost efficiency, reflected in the ratio of retained earnings to revenue, shows a substantial decline throughout the period.  Investment efficiency, as measured by retained earnings on assets, also declines noticeably. Earnings per share shows large fluctuations with increases and decreases.