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 22.77 (%).Trend:Decrease 24.45% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 67.86 (%).Trend:Increase 198.02% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 38.86 (%).Trend:Decrease 42.74% than previous quarter

Overall: increasing (70.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 136.45 (%).Trend:Decrease 31.82% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 425.14 (%).Trend:Increase 211.57% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 212.75 (%).Trend:Decrease 49.96% than previous quarter

Overall: increasing (55.92%). 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 46.77 (%).Trend:Decrease 33.15% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 145.66 (%).Trend:Increase 211.44% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 70.42 (%).Trend:Decrease 51.65% than previous quarter

Overall: increasing (50.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.75 (%).Trend:Decrease 3.07% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.4 (%).Trend:Decrease 10.8% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.75 (%).Trend:Increase 6.96% than previous quarter

Overall: decreasing (-4.6%). 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 23.54 (%).Trend:Decrease 0.08% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 23.97 (%).Trend:Increase 1.83% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 23.14 (%).Trend:Decrease 3.46% than previous quarter

Overall: decreasing (-1.7%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.77 (USD).Trend:Increase 62.39% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.8 (USD).Trend:Decrease 54.8% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.48 (USD).Trend:Increase 85.0% than previous quarter

Overall: decreasing (-16.38%). Fluctuation: **Significant** (high variation).



Working capital efficiency exhibits significant variation. Liabilities on revenue increased dramatically then decreased, and current assets on revenue also fluctuated substantially. Cost efficiency shows a slight overall decline in SG&A expense but highly volatile retained earnings as a percentage of revenue. Investment efficiency demonstrates a small downward trend in retained earnings on assets.  Earning per share showed significant volatility, declining initially then increasing in the analyzed period. These findings suggest unpredictable short-term performance and warrant further analysis into the operational factors.