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 26.37 (%).Trend:Decrease 32.02% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 80.67 (%).Trend:Increase 205.92% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 25.44 (%).Trend:Decrease 68.46% than previous quarter

Overall: decreasing (-3.53%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 76.92 (%).Trend:Decrease 11.33% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 240.72 (%).Trend:Increase 212.95% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 110.12 (%).Trend:Decrease 54.25% than previous quarter

Overall: increasing (43.16%). 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 118.56 (%).Trend:Decrease 33.41% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 368.74 (%).Trend:Increase 211.02% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 183.91 (%).Trend:Decrease 50.12% than previous quarter

Overall: increasing (55.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.68 (%).Trend:Increase 1.2% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.69 (%).Trend:Increase 0.6% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.73 (%).Trend:Increase 2.37% than previous quarter

Overall: increasing (2.98%). 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 39.04 (%).Trend:Decrease 5.79% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 39.11 (%).Trend:Increase 0.18% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 40.79 (%).Trend:Increase 4.3% than previous quarter

Overall: increasing (4.48%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2019 to Q2 2020 show a mixed picture of financial performance. Working capital efficiency is highly variable, with liabilities on revenue decreasing but current assets on revenue increasing significantly. Cost efficiency shows a slight increase in the SG&A expense ratio, while the retained earnings-to-revenue ratio displays a notable increase, though with considerable fluctuation. Investment efficiency demonstrates a modest increase in retained earnings on assets with minimal volatility. The overall financial picture is characterized by significant volatility in working capital and cost efficiency metrics.