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 concerning trend of decreasing working capital efficiency, marked by substantial declines in liabilities and current assets on revenue, indicating high variability.  Cost efficiency also shows a substantial decrease.  Selling, General & Administrative (SG&A) expense ratio displays a slight increase. Investment efficiency shows a very slight increase, while earnings per share demonstrate significant increases with high fluctuation.  The significant negative trends in working capital and cost efficiency warrant further investigation.