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 313.18 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 183.25 (%).Trend:Decrease 41.49% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 108.08 (%).Trend:Decrease 41.02% than previous quarter

Overall: decreasing (-65.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 335.16 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 205.81 (%).Trend:Decrease 38.59% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 119.57 (%).Trend:Decrease 41.9% than previous quarter

Overall: decreasing (-64.32%). 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 88.8 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 59.05 (%).Trend:Decrease 33.5% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 39.06 (%).Trend:Decrease 33.85% than previous quarter

Overall: decreasing (-56.01%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.76 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.72 (%).Trend:Increase 14.2% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.58 (%).Trend:Decrease 14.77% than previous quarter

Overall: decreasing (-2.66%). 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 10.5 (%).Trend:Decrease 11.91% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 10.57 (%).Trend:Increase 0.67% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 12.16 (%).Trend:Increase 15.04% than previous quarter

Overall: increasing (15.81%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.17 (USD).Trend:Decrease 96.45% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.39 (USD).Trend:Decrease 329.41% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.41 (USD).Trend:Decrease 717.95% than previous quarter

Overall: increasing (1317.65%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2020 financial statements reveals significant volatility in working capital efficiency metrics.  Liabilities and current assets on revenue show significant declines but with varied patterns.  Cost efficiency exhibits a consistent downward trend in the ratio of retained earnings to revenue.  SG&A expense ratio shows a minor decline but with minimal fluctuation. Investment efficiency demonstrates a stable increase in retained earnings on assets.  Earning per share shows an increase, but with significant quarterly fluctuations.