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 117.36 (%).Trend:Decrease 9.14% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 229.25 (%).Trend:Increase 95.34% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 127.23 (%).Trend:Decrease 44.5% than previous quarter

Overall: increasing (8.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 131.65 (%).Trend:Decrease 16.91% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 297.22 (%).Trend:Increase 125.77% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 163.77 (%).Trend:Decrease 44.9% than previous quarter

Overall: increasing (24.4%). 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 288.3 (%).Trend:Decrease 25.53% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 826.41 (%).Trend:Increase 186.65% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 393.26 (%).Trend:Decrease 52.41% than previous quarter

Overall: increasing (36.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.42 (%).Trend:Decrease 2.47% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.51 (%).Trend:Decrease 4.61% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.56 (%).Trend:Decrease 7.47% than previous quarter

Overall: decreasing (-11.73%). 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 94.17 (%).Trend:Increase 2.65% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 106.27 (%).Trend:Increase 12.85% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 101.41 (%).Trend:Decrease 4.57% than previous quarter

Overall: increasing (7.69%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.1 (USD).Trend:Decrease 16.67% than previous quarter
Year 2020 Quarter 1: Earning Per Share -1.22 (USD).Trend:Decrease 1320.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -1.24 (USD).Trend:Increase 1.64% than previous quarter

Overall: decreasing (-1340.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2019 to Q2 2020 show varied trends.  Working capital efficiency (liabilities and current assets on revenue) increased, but with substantial fluctuations. Cost efficiency (ratio of retained earnings to revenue) also increased significantly, but with fluctuations.  SG&A expense ratio decreased steadily. Investment efficiency (retained earnings on assets) increased moderately, while earnings per share declined considerably.