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 15.46 (%).Trend:Decrease 29.5% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 50.43 (%).Trend:Increase 226.2% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 31.53 (%).Trend:Decrease 37.48% than previous quarter

Overall: increasing (103.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 19.98 (%).Trend:Decrease 28.8% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 56.06 (%).Trend:Increase 180.58% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 39.32 (%).Trend:Decrease 29.86% than previous quarter

Overall: increasing (96.8%). 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 27.8 (%).Trend:Decrease 33.89% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 91.81 (%).Trend:Increase 230.25% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 58.6 (%).Trend:Decrease 36.17% than previous quarter

Overall: increasing (110.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.52 (%).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.53 (%).Trend:Increase 0.66% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.29 (%).Trend:Increase 49.67% than previous quarter

Overall: increasing (50.66%). 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 36.99 (%).Trend:Decrease 0.24% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 35.85 (%).Trend:Decrease 3.08% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 34.17 (%).Trend:Decrease 4.69% than previous quarter

Overall: decreasing (-7.62%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 5.15 (USD).Trend:Increase 44.26% than previous quarter
Year 2020 Quarter 1: Earning Per Share -5.66 (USD).Trend:Decrease 209.9% than previous quarter
Year 2020 Quarter 2: Earning Per Share -6.0 (USD).Trend:Increase 6.01% than previous quarter

Overall: decreasing (-216.5%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2019 to Q2 2020 exhibits considerable volatility.  Working capital efficiency, with liabilities and current assets on revenue, increased significantly in Q1 2020 after decreasing in Q3 2019. Cost efficiency, as indicated by the ratio of retained earnings to revenue, saw a substantial increase in Q1 2020, followed by a decline in Q2 2020.  Selling, General, and Administrative (SG&A) expenses also increased overall.  Investment efficiency, as measured by retained earnings on assets, decreased steadily throughout the period.  Earnings per share declined significantly in Q1 2020 after a substantial increase in Q3 2019.