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 24.84 (%).Trend:Decrease 35.11% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 77.16 (%).Trend:Increase 210.63% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 43.18 (%).Trend:Decrease 44.04% than previous quarter

Overall: increasing (73.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 51.89 (%).Trend:Decrease 31.46% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 153.63 (%).Trend:Increase 196.07% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 87.94 (%).Trend:Decrease 42.76% than previous quarter

Overall: increasing (69.47%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.23 (%).Trend:Decrease 1.64% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.86 (%).Trend:Increase 10.04% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.85 (%).Trend:Decrease 5.66% than previous quarter

Overall: increasing (3.82%). 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
Earning Per Share
Year 2019 Quarter 3: Earning Per Share 5.48 (USD).Trend:Increase 77.92% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.38 (USD).Trend:Decrease 74.82% than previous quarter
Year 2020 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 117.39% than previous quarter

Overall: decreasing (-45.26%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 show significant fluctuation in working capital efficiency metrics. Liabilities on revenue increased significantly (73.83%) from Q3 2019 to Q2 2020, but then decreased. Current assets on revenue also showed substantial increases and decreases.  Cost efficiency, measured by SG&A expense ratio, shows a more stable upward trend (3.82%).  Investment efficiency, as measured by earnings per share, declined significantly (-45.26%) with substantial quarter-to-quarter variations.