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 14.81 (%).Trend:Decrease 25.39% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 39.45 (%).Trend:Increase 166.37% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 19.75 (%).Trend:Decrease 49.94% than previous quarter

Overall: increasing (33.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 49.75 (%).Trend:Decrease 29.53% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 139.52 (%).Trend:Increase 180.44% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 86.77 (%).Trend:Decrease 37.81% than previous quarter

Overall: increasing (74.41%). 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 63.76 (%).Trend:Decrease 30.35% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 195.8 (%).Trend:Increase 207.09% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 110.52 (%).Trend:Decrease 43.55% than previous quarter

Overall: increasing (73.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.14 (%).Trend:Decrease 3.38% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.73 (%).Trend:Decrease 13.06% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.97 (%).Trend:Increase 8.79% than previous quarter

Overall: decreasing (-5.41%). 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 60.14 (%).Trend:Decrease 0.69% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 61.64 (%).Trend:Increase 2.49% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 58.61 (%).Trend:Decrease 4.92% than previous quarter

Overall: decreasing (-2.54%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 3.79 (USD).Trend:Increase 31.14% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.07 (USD).Trend:Decrease 98.15% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.42 (USD).Trend:Increase 500.0% than previous quarter

Overall: decreasing (-88.92%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2019 to Q2 2020 shows significant fluctuations in key financial metrics. Liabilities and current assets on revenue both saw considerable increases and decreases across the three quarters. The ratio of retained earnings to revenue exhibited dramatic growth and subsequent drops.  Selling, General, and Administrative (SG&A) expenses decreased slightly, with little fluctuation.  Investment efficiency, measured by retained earnings on assets, decreased slightly with little fluctuation.  Earnings per share saw a substantial initial increase, followed by a dramatic decrease and a subsequent, substantial increase, indicating a substantial concern needing further investigation.