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 19.03 (%).Trend:Decrease 39.28% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 54.51 (%).Trend:Increase 186.44% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 27.49 (%).Trend:Decrease 49.57% than previous quarter

Overall: increasing (44.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 40.73 (%).Trend:Decrease 38.97% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 135.23 (%).Trend:Increase 232.02% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 74.8 (%).Trend:Decrease 44.69% than previous quarter

Overall: increasing (83.65%). 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 43.95 (%).Trend:Decrease 28.75% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 147.99 (%).Trend:Increase 236.72% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 70.15 (%).Trend:Decrease 52.6% than previous quarter

Overall: increasing (59.61%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.49 (%).Trend:Increase 2.24% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.68 (%).Trend:Decrease 3.06% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.63 (%).Trend:Decrease 11.88% than previous quarter

Overall: decreasing (-14.57%). 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 28.31 (%).Trend:Increase 7.6% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 31.47 (%).Trend:Increase 11.16% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 33.46 (%).Trend:Increase 6.32% than previous quarter

Overall: increasing (18.19%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.44 (USD).Trend:Increase 42.57% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.53 (USD).Trend:Decrease 63.19% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.07 (USD).Trend:Increase 290.57% than previous quarter

Overall: increasing (43.75%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations in liabilities and current assets on revenue from Q3 2019 to Q2 2020. Liabilities on revenue increased significantly from previous quarters then declined.  Current assets on revenue also experienced a major increase, followed by a decline. Cost efficiency shows a decrease in SG&A expense ratio, a fluctuating ratio of retained earnings to revenue, and stable, slight increase in retained earnings on assets. Earnings per share fluctuated significantly, with a rise in Q3 2019, drop in Q1 2020, and recovery in Q2 2020.