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 34.67 (%).Trend:Decrease 30.0% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 61.96 (%).Trend:Increase 78.71% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 50.51 (%).Trend:Decrease 18.48% than previous quarter

Overall: increasing (45.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 30.67 (%).Trend:Decrease 24.72% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 85.62 (%).Trend:Increase 179.17% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 65.22 (%).Trend:Decrease 23.83% than previous quarter

Overall: increasing (112.65%). 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 137.79 (%).Trend:Decrease 32.52% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 449.89 (%).Trend:Increase 226.5% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 227.65 (%).Trend:Decrease 49.4% than previous quarter

Overall: increasing (65.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.1 (%).Trend:Decrease 1.6% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.05 (%).Trend:Decrease 0.26% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.38 (%).Trend:Increase 1.73% than previous quarter

Overall: increasing (1.47%). 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 66.49 (%).Trend:Decrease 0.37% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 68.03 (%).Trend:Increase 2.32% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 63.95 (%).Trend:Decrease 6.0% than previous quarter

Overall: decreasing (-3.82%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 4.48 (USD).Trend:Increase 55.02% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.74 (USD).Trend:Decrease 83.48% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.12 (USD).Trend:Increase 186.49% than previous quarter

Overall: decreasing (-52.68%). Fluctuation: **Significant** (high variation).



Significant fluctuations characterized the period from Q3 2019 to Q2 2020. Liabilities and current assets on revenue increased overall, by 45.69% and 112.65% respectively. The ratio of retained earnings to revenue also increased (65.22%).  SG&A expense ratio showed little variation, increasing slightly (1.47%). Retained earnings on assets decreased (-3.82%), showing little variation, while earnings per share decreased significantly (-52.68%).