Working Capital Efficiency
The data from Quater 1 in 2019 to Quater 3 in 2020 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 1: Liabilities on Revenue 101.62 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 34.24 (%).Trend:Decrease 66.31% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 23.77 (%).Trend:Decrease 30.58% than previous quarter

Overall: decreasing (-76.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 1: Current assets on Revenue 164.06 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 82.12 (%).Trend:Decrease 49.95% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 57.2 (%).Trend:Decrease 30.35% than previous quarter

Overall: decreasing (-65.13%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2019 to Quater 3 in 2020 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 1: Ratio of Retained Earnings to Revenue 100.89 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 52.76 (%).Trend:Decrease 47.71% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 36.59 (%).Trend:Decrease 30.65% than previous quarter

Overall: decreasing (-63.73%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.2 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.97 (%).Trend:Increase 2.83% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.29 (%).Trend:Increase 4.72% than previous quarter

Overall: increasing (7.68%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 1 in 2019 to Quater 3 in 2020 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 1: Retained Earning on Assets 26.55 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 27.17 (%).Trend:Increase 2.34% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 26.61 (%).Trend:Decrease 2.06% than previous quarter

Overall: increasing (0.23%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 1: Earning Per Share 0.82 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.42 (USD).Trend:Increase 73.17% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.51 (USD).Trend:Increase 6.34% than previous quarter

Overall: increasing (84.15%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2019 to Q3 2020 reveal a decline in working capital efficiency. Liabilities on revenue decreased substantially (-76.61%) and current assets on revenue also decreased significantly (-65.13%), indicating high variation in both metrics. Cost efficiency demonstrates a steep drop in the ratio of retained earnings to revenue (-63.73%). Conversely, Selling, General & Administrative (SG&A) expense ratio saw a modest increase (7.68%) with low variation. Investment efficiency shows a minimal increase (0.23%) in retained earnings on assets with low variation. Earnings per share increased from Q1 2019 to Q3 2020. The significant fluctuations in working capital and retained earnings to revenue ratios are key concerns.