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 80.79 (%).Trend:Increase 153.42% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 44.04 (%).Trend:Decrease 45.49% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 30.65 (%).Trend:Decrease 30.4% than previous quarter

Overall: decreasing (-62.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 134.5 (%).Trend:Increase 197.11% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 80.54 (%).Trend:Decrease 40.12% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 60.29 (%).Trend:Decrease 25.14% than previous quarter

Overall: decreasing (-55.17%). 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 102.92 (%).Trend:Increase 247.59% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 57.62 (%).Trend:Decrease 44.01% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 42.14 (%).Trend:Decrease 26.87% than previous quarter

Overall: decreasing (-59.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.24 (%).Trend:Increase 12.3% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.01 (%).Trend:Decrease 3.59% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 32.48 (%).Trend:Decrease 1.61% than previous quarter

Overall: decreasing (-5.14%). 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 10.21 (%).Trend:Increase 22.86% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 10.84 (%).Trend:Increase 6.17% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 11.81 (%).Trend:Increase 8.95% than previous quarter

Overall: increasing (15.67%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.37 (USD).Trend:Decrease 73.76% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.73 (USD).Trend:Increase 97.3% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.27 (USD).Trend:Increase 73.97% than previous quarter

Overall: increasing (243.24%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2020 show a negative trend in several key areas: liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all declined significantly. The fluctuation is considerable, suggesting potentially unstable performance.  Selling, general, and administrative (SG&A) expenses decreased slightly, while investment efficiency showed an upward trend. However, earnings per share demonstrate significant volatility, and there are considerable concerns about profitability and efficiency.