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 82.4 (%).Trend:Increase 230.79% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 42.2 (%).Trend:Decrease 48.79% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.27 (%).Trend:Decrease 30.64% than previous quarter

Overall: decreasing (-64.48%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 228.73 (%).Trend:Increase 290.72% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 125.23 (%).Trend:Decrease 45.25% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 90.23 (%).Trend:Decrease 27.95% than previous quarter

Overall: decreasing (-60.55%). 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 127.1 (%).Trend:Increase 233.33% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 70.32 (%).Trend:Decrease 44.67% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 49.26 (%).Trend:Decrease 29.95% than previous quarter

Overall: decreasing (-61.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.36 (%).Trend:Increase 0.45% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.08 (%).Trend:Increase 5.39% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.27 (%).Trend:Increase 1.35% than previous quarter

Overall: increasing (6.81%). 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 26.19 (%).Trend:Decrease 11.34% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 26.8 (%).Trend:Increase 2.33% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 27.2 (%).Trend:Increase 1.49% than previous quarter

Overall: increasing (3.86%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.68 (USD).Trend:Decrease 66.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.12 (USD).Trend:Increase 64.71% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.67 (USD).Trend:Increase 49.11% than previous quarter

Overall: increasing (145.59%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2020 present a volatile picture of financial performance. Working capital efficiency, cost efficiency, and retained earnings to revenue show significant quarter-over-quarter fluctuations, with overall downward trends.  SG&A expense ratio increases steadily, while retained earnings on assets and earnings per share demonstrate substantial and varied percentage increases.