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 74.04 (%).Trend:Increase 276.03% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 34.4 (%).Trend:Decrease 53.54% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.41 (%).Trend:Decrease 26.13% than previous quarter

Overall: decreasing (-65.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 64.25 (%).Trend:Increase 178.5% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 39.85 (%).Trend:Decrease 37.98% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 31.96 (%).Trend:Decrease 19.8% than previous quarter

Overall: decreasing (-50.26%). 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 50.49 (%).Trend:Increase 214.97% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 28.46 (%).Trend:Decrease 43.63% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 20.0 (%).Trend:Decrease 29.73% than previous quarter

Overall: decreasing (-60.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 5.88 (%).Trend:Increase 6.14% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 6.38 (%).Trend:Increase 8.5% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 6.66 (%).Trend:Increase 4.39% than previous quarter

Overall: increasing (13.27%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 72.26% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.85 (USD).Trend:Increase 123.68% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.27 (USD).Trend:Increase 49.41% than previous quarter

Overall: increasing (234.21%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2020 show significant variation in working capital and cost efficiency. Liabilities on revenue decreased by a substantial margin, but current assets decreased similarly with high fluctuation.  Retained earnings-to-revenue ratios also decreased significantly. Investment efficiency indicates a steady increase in retained earnings on assets, while earnings per share exhibit notable variations.