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 146.48 (%).Trend:Decrease 40.6% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 159.5 (%).Trend:Increase 8.89% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 118.29 (%).Trend:Decrease 25.84% than previous quarter

Overall: decreasing (-19.24%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 170.74 (%).Trend:Decrease 31.74% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 213.79 (%).Trend:Increase 25.21% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 121.7 (%).Trend:Decrease 43.07% than previous quarter

Overall: decreasing (-28.72%). 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 78.58 (%).Trend:Decrease 35.19% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 122.68 (%).Trend:Increase 56.12% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 64.73 (%).Trend:Decrease 47.24% than previous quarter

Overall: decreasing (-17.63%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 44.24 (%).Trend:Increase 1.89% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 38.13 (%).Trend:Decrease 13.81% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 39.05 (%).Trend:Increase 2.41% than previous quarter

Overall: decreasing (-11.73%). 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 5.08 (%).Trend:Decrease 66.4% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 5.33 (%).Trend:Increase 4.92% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 5.26 (%).Trend:Decrease 1.31% than previous quarter

Overall: increasing (3.54%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2019 to Q2 2020 indicate decreasing trends in working capital efficiency, cost efficiency (retained earnings to revenue), and current assets on revenue, with significant fluctuation.  SG&A expense ratio shows a slight overall decrease with little fluctuation.  Investment efficiency, as measured by retained earnings on assets, demonstrates a slight overall increase with little volatility.