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 15.66 (%).Trend:Decrease 34.72% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 48.07 (%).Trend:Increase 206.96% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 25.0 (%).Trend:Decrease 47.99% than previous quarter

Overall: increasing (59.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 25.92 (%).Trend:Decrease 36.09% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 89.81 (%).Trend:Increase 246.49% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 48.27 (%).Trend:Decrease 46.25% than previous quarter

Overall: increasing (86.23%). 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 3.76 (%).Trend:Decrease 3.09% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 14.42 (%).Trend:Increase 283.51% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 9.02 (%).Trend:Decrease 37.45% than previous quarter

Overall: increasing (139.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.45 (%).Trend:Decrease 1.7% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.63 (%).Trend:Increase 5.5% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.23 (%).Trend:Decrease 6.19% than previous quarter

Overall: decreasing (-1.03%). 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 6.29 (%).Trend:Increase 49.05% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 7.23 (%).Trend:Increase 14.94% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 8.94 (%).Trend:Increase 23.65% than previous quarter

Overall: increasing (42.13%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.56 (USD).Trend:Increase 75.28% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.08 (USD).Trend:Decrease 94.87% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.75 (USD).Trend:Increase 837.5% than previous quarter

Overall: decreasing (-51.92%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2019 to Q2 2020 shows significant fluctuation in various metrics. Working capital efficiency displays notable increases in both liabilities and current assets on revenue, exhibiting high variation.  Cost efficiency demonstrates a large increase in the ratio of retained earnings to revenue (139.89%), while SG&A expense ratio saw a minor decrease (-1.03%). Investment efficiency shows a moderate increase in retained earnings on assets (42.13%). Earning per share experienced a significant decline (-51.92%), indicating unstable performance with high variation in key financial indicators.