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 77.44 (%).Trend:Increase 149.89% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 45.93 (%).Trend:Decrease 40.69% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.57 (%).Trend:Decrease 35.62% than previous quarter

Overall: decreasing (-61.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 133.84 (%).Trend:Increase 205.92% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 74.19 (%).Trend:Decrease 44.57% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 54.5 (%).Trend:Decrease 26.54% than previous quarter

Overall: decreasing (-59.28%). 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 399.72 (%).Trend:Increase 216.94% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 228.49 (%).Trend:Decrease 42.84% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 156.82 (%).Trend:Decrease 31.37% than previous quarter

Overall: decreasing (-60.77%). Fluctuation: **Significant** (high variation).

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

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 29.39 (%).Trend:Decrease 0.14% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 30.01 (%).Trend:Increase 2.11% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 30.84 (%).Trend:Increase 2.77% than previous quarter

Overall: increasing (4.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 68.65% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.65 (USD).Trend:Increase 65.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.61 (USD).Trend:Increase 58.18% than previous quarter

Overall: increasing (161.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2020 to Q3 2020 shows significant fluctuations.  Liabilities and current assets on revenue are decreasing substantially, while the ratio of retained earnings to revenue also decreases considerably, all with high variance. Earnings per share, however, shows a notable upward trend despite high quarterly volatility.  Investment efficiency, represented by retained earnings on assets, shows a stable, moderate upward trend.  The significant volatility across most metrics warrants closer examination.