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 83.24 (%).Trend:Increase 226.56% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 44.37 (%).Trend:Decrease 46.7% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.75 (%).Trend:Decrease 32.95% than previous quarter

Overall: decreasing (-64.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 209.79 (%).Trend:Increase 214.81% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 108.57 (%).Trend:Decrease 48.25% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 74.3 (%).Trend:Decrease 31.56% than previous quarter

Overall: decreasing (-64.58%). 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 322.06 (%).Trend:Increase 216.52% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 161.03 (%).Trend:Decrease 50.0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 105.83 (%).Trend:Decrease 34.28% than previous quarter

Overall: decreasing (-67.14%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.7 (%).Trend:Increase 8.79% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.84 (%).Trend:Increase 0.79% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.76 (%).Trend:Decrease 0.45% than previous quarter

Overall: increasing (0.34%). 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 78.74 (%).Trend:Increase 1.23% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 77.51 (%).Trend:Decrease 1.56% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 75.9 (%).Trend:Decrease 2.08% than previous quarter

Overall: decreasing (-3.61%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 63.17% than previous quarter
Year 2020 Quarter 2: Earning Per Share 3.06 (USD).Trend:Increase 53.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 4.91 (USD).Trend:Increase 60.46% than previous quarter

Overall: increasing (145.5%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2020 show considerable volatility. Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all are decreasing significantly. The SG&A expense ratio is increasing slightly overall with very little fluctuation.  Investment efficiency shows a slight decrease, while earnings per share are increasing.