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 81.68 (%).Trend:Decrease 34.6% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 231.85 (%).Trend:Increase 183.85% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 114.4 (%).Trend:Decrease 50.66% than previous quarter

Overall: increasing (40.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 88.61 (%).Trend:Decrease 25.4% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 235.72 (%).Trend:Increase 166.02% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 128.77 (%).Trend:Decrease 45.37% than previous quarter

Overall: increasing (45.32%). 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 141.21 (%).Trend:Decrease 34.45% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 433.16 (%).Trend:Increase 206.75% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 225.32 (%).Trend:Decrease 47.98% than previous quarter

Overall: increasing (59.56%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 75.32 (%).Trend:Decrease 3.4% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 82.64 (%).Trend:Increase 9.72% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 79.42 (%).Trend:Decrease 3.9% than previous quarter

Overall: increasing (5.44%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 66.67% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-33.33%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 show significant volatility across most financial metrics. Working capital efficiency, as measured by liabilities and current assets on revenue, fluctuated greatly.  Cost efficiency, based on the ratio of retained earnings to revenue, also experienced significant variation. Investment efficiency, in contrast, had minor fluctuations. Earnings per share experienced a significant decrease followed by a recovery.