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 118.52 (%).Trend:Increase 235.47% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 70.8 (%).Trend:Decrease 40.26% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 45.75 (%).Trend:Decrease 35.38% than previous quarter

Overall: decreasing (-61.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 285.58 (%).Trend:Increase 259.17% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 128.89 (%).Trend:Decrease 54.87% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 81.82 (%).Trend:Decrease 36.52% than previous quarter

Overall: decreasing (-71.35%). 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 1428.14 (%).Trend:Increase 277.96% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 686.64 (%).Trend:Decrease 51.92% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 436.41 (%).Trend:Decrease 36.44% than previous quarter

Overall: decreasing (-69.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.78 (%).Trend:Increase 36.51% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.92 (%).Trend:Decrease 15.29% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.38 (%).Trend:Decrease 5.72% than previous quarter

Overall: decreasing (-20.14%). 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 249.01 (%).Trend:Decrease 0.14% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 255.37 (%).Trend:Increase 2.55% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 257.15 (%).Trend:Increase 0.7% than previous quarter

Overall: increasing (3.27%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.86 (USD).Trend:Decrease 84.86% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.84 (USD).Trend:Increase 230.23% than previous quarter
Year 2020 Quarter 3: Earning Per Share 4.89 (USD).Trend:Increase 72.18% than previous quarter

Overall: increasing (468.6%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2020 show significant fluctuations in financial performance.  Liabilities on revenue and current assets on revenue decline after a Q1 increase.  The ratio of retained earnings to revenue displays substantial variation, but also shows a decreasing trend over the three quarters. SG&A expense ratio shows a clear downward trend. Investment efficiency increases consistently. Earnings per share show a clear increase.  The notable volatility suggests dynamic operational and market factors impacting the financial performance.