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 110.74 (%).Trend:Increase 4.0% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 50.57 (%).Trend:Decrease 54.33% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 34.48 (%).Trend:Decrease 31.82% than previous quarter

Overall: decreasing (-68.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 155.88 (%).Trend:Decrease 1.71% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 76.35 (%).Trend:Decrease 51.02% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 47.24 (%).Trend:Decrease 38.13% than previous quarter

Overall: decreasing (-69.69%). 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 46.5 (%).Trend:Increase 2.04% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 24.8 (%).Trend:Decrease 46.67% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 17.61 (%).Trend:Decrease 28.99% than previous quarter

Overall: decreasing (-62.13%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.62 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.95 (%).Trend:Increase 7.55% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.35 (%).Trend:Decrease 3.17% than previous quarter

Overall: increasing (4.14%). 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 5.64 (%).Trend:Increase 8.88% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 5.94 (%).Trend:Increase 5.32% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 6.42 (%).Trend:Increase 8.08% than previous quarter

Overall: increasing (13.83%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 4.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (300.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2020 to Q3 2020 shows largely negative trends in working capital efficiency, with significant decreases in liabilities on revenue and current assets on revenue.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also decreased substantially.  However, the Selling, General & Administrative (SG&A) expense ratio displays a modest increase. Investment efficiency demonstrates steady growth in retained earnings on assets.  Earnings per share increased significantly across the period.