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 14.03 (%).Trend:Decrease 32.74% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 40.9 (%).Trend:Increase 191.52% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 48.88 (%).Trend:Increase 19.51% than previous quarter

Overall: increasing (248.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 52.54 (%).Trend:Decrease 30.71% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 172.26 (%).Trend:Increase 227.86% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 119.48 (%).Trend:Decrease 30.64% than previous quarter

Overall: increasing (127.41%). 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 63.78 (%).Trend:Decrease 33.67% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 210.29 (%).Trend:Increase 229.71% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 107.17 (%).Trend:Decrease 49.04% than previous quarter

Overall: increasing (68.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.84 (%).Trend:Decrease 3.75% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.06 (%).Trend:Decrease 13.86% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.58 (%).Trend:Increase 4.7% than previous quarter

Overall: decreasing (-9.81%). 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 68.75 (%).Trend:Decrease 0.16% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 69.08 (%).Trend:Increase 0.48% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 56.55 (%).Trend:Decrease 18.14% than previous quarter

Overall: decreasing (-17.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.76 (USD).Trend:Increase 10.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.15 (USD).Trend:Decrease 108.52% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.18 (USD).Trend:Decrease 220.0% than previous quarter

Overall: decreasing (-89.77%). Fluctuation: **Significant** (high variation).



Data from Q3 2019 to Q2 2020 reveals a period of substantial financial fluctuations.  Liabilities on revenue increased significantly (248.4%) but with substantial quarterly variation. Current assets on revenue also increased (127.41%) with considerable volatility.  The ratio of retained earnings to revenue increased (68.03%) but exhibited significant quarter-to-quarter variation. SG&A expenses decreased (-9.81%). Retained earnings on assets decreased (-17.75%) with little fluctuation.  Earnings per share also declined significantly (-89.77%). Overall, the data suggests a period of marked financial instability with major changes quarter to quarter.