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 78.45 (%).Trend:Increase 146.78% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 40.58 (%).Trend:Decrease 48.27% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 26.31 (%).Trend:Decrease 35.17% than previous quarter

Overall: decreasing (-66.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 185.85 (%).Trend:Increase 272.0% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 70.34 (%).Trend:Decrease 62.15% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 52.06 (%).Trend:Decrease 25.99% than previous quarter

Overall: decreasing (-71.99%). 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 190.36 (%).Trend:Increase 366.8% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 96.59 (%).Trend:Decrease 49.26% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 72.81 (%).Trend:Decrease 24.62% than previous quarter

Overall: decreasing (-61.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.99 (%).Trend:Increase 1.41% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.75 (%).Trend:Decrease 23.57% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.28 (%).Trend:Decrease 3.42% than previous quarter

Overall: decreasing (-26.18%). Fluctuation: **Neutral** (moderate 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 19.69 (%).Trend:Increase 18.76% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 21.77 (%).Trend:Increase 10.56% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 23.71 (%).Trend:Increase 8.91% than previous quarter

Overall: increasing (20.42%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.37 (USD).Trend:Decrease 58.89% 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 1.13 (USD).Trend:Increase 54.79% than previous quarter

Overall: increasing (205.41%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2020 to Q3 2020 show significant fluctuation. Liabilities on revenue decreased (-66.46%) with high variability, while current assets on revenue also decreased (-71.99%) with high variability. The ratio of retained earnings to revenue decreased (-61.75%) significantly. SG&A expense ratio decreased slightly (-26.18%). Investment efficiency shows a steady increase (20.42%). Earnings per share increased significantly (205.41%).