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 49.98 (%).Trend:Increase 174.62% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 23.78 (%).Trend:Decrease 52.42% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 16.27 (%).Trend:Decrease 31.58% than previous quarter

Overall: decreasing (-67.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 163.75 (%).Trend:Increase 316.56% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 84.24 (%).Trend:Decrease 48.56% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 48.25 (%).Trend:Decrease 42.72% than previous quarter

Overall: decreasing (-70.53%). 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 283.24 (%).Trend:Increase 192.0% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 146.21 (%).Trend:Decrease 48.38% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 98.17 (%).Trend:Decrease 32.86% than previous quarter

Overall: decreasing (-65.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.06 (%).Trend:Increase 23.98% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.37 (%).Trend:Decrease 5.27% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.86 (%).Trend:Decrease 8.26% than previous quarter

Overall: decreasing (-13.1%). 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 118.43 (%).Trend:Decrease 16.31% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 118.65 (%).Trend:Increase 0.19% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 132.07 (%).Trend:Increase 11.31% than previous quarter

Overall: increasing (11.52%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 3.0 (USD).Trend:Decrease 76.92% than previous quarter
Year 2020 Quarter 2: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter
Year 2020 Quarter 3: Earning Per Share 9.0 (USD).Trend:Increase 80.0% than previous quarter

Overall: increasing (200.0%). Fluctuation: **Significant** (high variation).



Financial performance for 2020 shows significant volatility.  Working capital efficiency metrics (liabilities and current assets on revenue) display substantial declines with high variation. Cost efficiency, measured by the retained earnings-to-revenue ratio, experienced a significant downward trend.  While SG&A expenses trended downward, the overall cost efficiency is negative.  Investment efficiency, measured by retained earnings on assets, showed a slight overall increase with little variation.  Earning per share had a significant increase in overall value with high fluctuations.