Working Capital Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2020 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 1: Liabilities on Revenue 40.09 (%).Trend:Increase 254.15% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 21.57 (%).Trend:Decrease 46.2% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 14.76 (%).Trend:Decrease 31.57% than previous quarter

Overall: decreasing (-63.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 93.16 (%).Trend:Increase 215.37% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 53.04 (%).Trend:Decrease 43.07% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 31.03 (%).Trend:Decrease 41.5% than previous quarter

Overall: decreasing (-66.69%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2020 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 52.43 (%).Trend:Increase 221.26% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 29.99 (%).Trend:Decrease 42.8% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 19.33 (%).Trend:Decrease 35.55% than previous quarter

Overall: decreasing (-63.13%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.09 (%).Trend:Increase 4.28% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.66 (%).Trend:Increase 9.36% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.17 (%).Trend:Decrease 7.36% than previous quarter

Overall: increasing (1.31%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2020 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 1: Retained Earning on Assets 20.3 (%).Trend:Increase 1.0% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 20.35 (%).Trend:Increase 0.25% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 21.04 (%).Trend:Increase 3.39% than previous quarter

Overall: increasing (3.65%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.92 (USD).Trend:Decrease 69.54% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.96 (USD).Trend:Increase 4.35% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.6 (USD).Trend:Increase 170.83% than previous quarter

Overall: increasing (182.61%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2020 to Q3 2020 shows substantial fluctuations in several key areas. Working capital efficiency, as measured by liabilities and current assets on revenue, exhibits significant downward trends.  Cost efficiency, in terms of the ratio of retained earnings to revenue, also demonstrates a substantial decrease.  Selling, general, and administrative (SG&A) expense ratio trends upward overall, with little fluctuation. Investment efficiency, measured by retained earnings on assets, displays a slight increase with low variation.  Earnings per share show a dramatic increase from Q1 to Q3, with high variation.