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 35.33 (%).Trend:Decrease 35.72% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 118.52 (%).Trend:Increase 235.47% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 70.8 (%).Trend:Decrease 40.26% than previous quarter

Overall: increasing (100.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 79.51 (%).Trend:Decrease 45.39% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 285.58 (%).Trend:Increase 259.17% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 128.89 (%).Trend:Decrease 54.87% than previous quarter

Overall: increasing (62.11%). 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 377.85 (%).Trend:Decrease 32.7% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 1428.14 (%).Trend:Increase 277.96% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 686.64 (%).Trend:Decrease 51.92% than previous quarter

Overall: increasing (81.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.28 (%).Trend:Decrease 3.16% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.78 (%).Trend:Increase 36.51% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.92 (%).Trend:Decrease 15.29% than previous quarter

Overall: increasing (15.64%). Fluctuation: **Neutral** (moderate 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 249.36 (%).Trend:Increase 12.65% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 249.01 (%).Trend:Decrease 0.14% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 255.37 (%).Trend:Increase 2.55% than previous quarter

Overall: increasing (2.41%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 5.68 (USD).Trend:Increase 57.78% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.86 (USD).Trend:Decrease 84.86% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.84 (USD).Trend:Increase 230.23% than previous quarter

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2019 to Q2 2020 reveal significant quarter-to-quarter fluctuations in several key financial metrics. Working capital efficiency (liabilities and current assets) trends upward, yet exhibits significant variations. Cost efficiency, represented by retained earnings to revenue and SG&A, likewise demonstrates significant overall increases, but with high variability. Investment efficiency (retained earnings on assets) is consistently increasing with little fluctuation. Earnings per share, however, displays a significant overall decrease (-50%).