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 25.14 (%).Trend:Decrease 38.74% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 113.87 (%).Trend:Increase 352.94% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 52.45 (%).Trend:Decrease 53.94% than previous quarter

Overall: increasing (108.63%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 55.23 (%).Trend:Decrease 34.67% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 272.62 (%).Trend:Increase 393.61% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 118.82 (%).Trend:Decrease 56.42% than previous quarter

Overall: increasing (115.14%). 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 39.6 (%).Trend:Decrease 32.82% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 205.19 (%).Trend:Increase 418.16% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 79.37 (%).Trend:Decrease 61.32% than previous quarter

Overall: increasing (100.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.54 (%).Trend:Decrease 3.87% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 37.44 (%).Trend:Increase 31.18% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.16 (%).Trend:Decrease 24.79% than previous quarter

Overall: decreasing (-1.33%). 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 31.21 (%).Trend:Increase 5.83% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 32.82 (%).Trend:Increase 5.16% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 32.88 (%).Trend:Increase 0.18% than previous quarter

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

Earning Per Share


Analysis from Q3 2019 to Q2 2020 reveals substantial increases in liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue.  While suggesting growth, significant volatility is evident.  In contrast, the SG&A expense ratio saw a minor decrease, and retained earnings on assets exhibited a slight, consistent increase with minimal variation.