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 35.37 (%).Trend:Decrease 37.75% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 118.88 (%).Trend:Increase 236.1% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 56.56 (%).Trend:Decrease 52.42% than previous quarter

Overall: increasing (59.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 43.94 (%).Trend:Decrease 34.23% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 179.74 (%).Trend:Increase 309.06% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 90.54 (%).Trend:Decrease 49.63% than previous quarter

Overall: increasing (106.05%). 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 87.52 (%).Trend:Decrease 32.13% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 283.04 (%).Trend:Increase 223.4% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 139.63 (%).Trend:Decrease 50.67% than previous quarter

Overall: increasing (59.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.83 (%).Trend:Decrease 3.07% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.34 (%).Trend:Increase 5.63% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.74 (%).Trend:Increase 4.94% than previous quarter

Overall: increasing (10.85%). 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 46.55 (%).Trend:Increase 3.49% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 45.38 (%).Trend:Decrease 2.51% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 44.06 (%).Trend:Decrease 2.91% than previous quarter

Overall: decreasing (-5.35%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 3.92 (USD).Trend:Increase 69.7% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.98 (USD).Trend:Decrease 75.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -6.07 (USD).Trend:Decrease 719.39% than previous quarter

Overall: decreasing (-254.85%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 reveal significant volatility in working capital efficiency. Liabilities on revenue and current assets on revenue both showed substantial increases, with substantial variation. Cost efficiency, as measured by the ratio of retained earnings to revenue, increased significantly (59.54%), but also fluctuated greatly. The SG&A expense ratio, however, displayed only minor changes (10.85%), with little fluctuation. Investment efficiency, assessed by retained earnings on assets, decreased slightly (-5.35%), showing little variation. Earnings per share saw a substantial decrease (-254.85%), exhibiting significant variation.