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 from Q1 2020 to Q3 2020 reveal substantial fluctuations in key financial metrics.  Working capital efficiency demonstrates significant decreases in both liabilities and current assets on revenue. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a substantial decrease, while SG&A expense ratio also decreased slightly.  Investment efficiency saw a consistent increase, while earnings per share saw a substantial increase.