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 18.87 (%).Trend:Decrease 40.23% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 60.37 (%).Trend:Increase 219.93% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 33.83 (%).Trend:Decrease 43.96% than previous quarter

Overall: increasing (79.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 92.13 (%).Trend:Decrease 35.1% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 298.54 (%).Trend:Increase 224.04% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 159.97 (%).Trend:Decrease 46.42% than previous quarter

Overall: increasing (73.64%). 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 15.87 (%).Trend:Decrease 30.49% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 55.82 (%).Trend:Increase 251.73% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 28.26 (%).Trend:Decrease 49.37% than previous quarter

Overall: increasing (78.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.9 (%).Trend:Increase 3.62% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.44 (%).Trend:Increase 3.62% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.07 (%).Trend:Increase 4.08% than previous quarter

Overall: increasing (7.85%). 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 8.78 (%).Trend:Increase 6.04% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 9.46 (%).Trend:Increase 7.74% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 8.98 (%).Trend:Decrease 5.07% than previous quarter

Overall: increasing (2.28%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q3 2019 to Q2 2020 reveals significant fluctuations in liabilities-to-revenue, current assets-to-revenue, and the ratio of retained earnings to revenue.  While these metrics show overall increasing trends, the data exhibit substantial quarterly variations.  Selling, general, and administrative (SG&A) expense ratios show a relatively stable increase, and retained earnings on assets also show a steady, but moderate, increase. Earnings per share data is omitted due to missing details.