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 19.32 (%).Trend:Decrease 16.62% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 51.79 (%).Trend:Increase 168.06% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 27.18 (%).Trend:Decrease 47.52% than previous quarter

Overall: increasing (40.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 62.19 (%).Trend:Decrease 23.4% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 177.01 (%).Trend:Increase 184.63% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 99.33 (%).Trend:Decrease 43.88% than previous quarter

Overall: increasing (59.72%). 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 63.33 (%).Trend:Decrease 31.08% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 187.87 (%).Trend:Increase 196.65% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 104.51 (%).Trend:Decrease 44.37% than previous quarter

Overall: increasing (65.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.59 (%).Trend:Increase 0.89% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.35 (%).Trend:Increase 12.95% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.64 (%).Trend:Increase 1.89% than previous quarter

Overall: increasing (15.08%). 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 41.51 (%).Trend:Decrease 31.52% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 43.84 (%).Trend:Increase 5.61% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 43.97 (%).Trend:Increase 0.3% than previous quarter

Overall: increasing (5.93%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q3 2019 to Q2 2020 reveals significant volatility in working capital efficiency. Liabilities and current assets on revenue fluctuate substantially.  Cost efficiency shows a considerable increase in the ratio of retained earnings to revenue, but with a significant degree of variation.  Selling, general, and administrative (SG&A) expenses show a less volatile increase.  Investment efficiency indicates a small, relatively stable growth in retained earnings on assets. The data suggests a period of possibly strong but unpredictable growth, which needs further investigation into the underlying drivers and potential risks.