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 72.12 (%).Trend:Increase 193.17% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 36.29 (%).Trend:Decrease 49.68% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.3 (%).Trend:Decrease 33.04% than previous quarter

Overall: decreasing (-66.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 119.76 (%).Trend:Increase 197.61% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 64.43 (%).Trend:Decrease 46.2% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 46.41 (%).Trend:Decrease 27.97% than previous quarter

Overall: decreasing (-61.25%). 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 104.16 (%).Trend:Increase 248.13% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 56.64 (%).Trend:Decrease 45.62% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 40.36 (%).Trend:Decrease 28.74% than previous quarter

Overall: decreasing (-61.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.61 (%).Trend:Increase 3.17% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.36 (%).Trend:Decrease 1.6% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.84 (%).Trend:Decrease 3.39% than previous quarter

Overall: decreasing (-4.93%). 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 25.85 (%).Trend:Increase 15.61% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 27.56 (%).Trend:Increase 6.62% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 29.33 (%).Trend:Increase 6.42% than previous quarter

Overall: increasing (13.46%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 1.53 (USD).Trend:Decrease 64.17% than previous quarter
Year 2020 Quarter 2: Earning Per Share 3.22 (USD).Trend:Increase 110.46% than previous quarter
Year 2020 Quarter 3: Earning Per Share 5.35 (USD).Trend:Increase 66.15% than previous quarter

Overall: increasing (249.67%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2020 to Q3 2020 show a complex financial picture.  Liabilities on revenue and current assets on revenue decreased significantly with high fluctuation (-66.31% and -61.25%, respectively). The ratio of retained earnings to revenue also decreased significantly (-61.25%). SG&A expense ratio exhibited a modest decrease (-4.93%) with low fluctuation.  Investment efficiency (retained earnings on assets) showed a consistent increase (13.46%) with little variation. Earnings per share increased substantially (249.67%) with significant fluctuation.