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 107.58 (%).Trend:Increase 191.39% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 50.02 (%).Trend:Decrease 53.5% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 30.78 (%).Trend:Decrease 38.46% than previous quarter

Overall: decreasing (-71.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 325.51 (%).Trend:Increase 246.77% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 135.54 (%).Trend:Decrease 58.36% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 98.6 (%).Trend:Decrease 27.25% than previous quarter

Overall: decreasing (-69.71%). 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 212.62 (%).Trend:Increase 322.96% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 85.49 (%).Trend:Decrease 59.79% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 55.69 (%).Trend:Decrease 34.86% than previous quarter

Overall: decreasing (-73.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 36.21 (%).Trend:Increase 34.16% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.81 (%).Trend:Decrease 31.48% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.75 (%).Trend:Decrease 8.3% than previous quarter

Overall: decreasing (-37.17%). 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 17.96 (%).Trend:Increase 11.83% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 20.36 (%).Trend:Increase 13.36% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 20.7 (%).Trend:Increase 1.67% than previous quarter

Overall: increasing (15.26%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.24 (USD).Trend:Decrease 260.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.53 (USD).Trend:Decrease 737.5% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.28 (USD).Trend:Increase 49.02% than previous quarter

Overall: increasing (-1050.0%). Fluctuation: **Significant** (high variation).



Analysis covers Q1-Q3 2020.  Liabilities on revenue, current assets on revenue, and retained earnings to revenue ratios all show significant decreases with high fluctuation.  The SG&A expense ratio decreased moderately. Retained earnings on assets increased slightly with little fluctuation. Earnings per share increased significantly, exhibiting high variation.