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 52.27 (%).Trend:Increase 143.8% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 26.15 (%).Trend:Decrease 49.97% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 15.81 (%).Trend:Decrease 39.54% than previous quarter

Overall: decreasing (-69.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 117.95 (%).Trend:Increase 44.21% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 45.0 (%).Trend:Decrease 61.85% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 30.36 (%).Trend:Decrease 32.53% than previous quarter

Overall: decreasing (-74.26%). 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 140.34 (%).Trend:Increase 53.03% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 37.44 (%).Trend:Decrease 73.32% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 32.42 (%).Trend:Decrease 13.41% than previous quarter

Overall: decreasing (-76.9%). 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 59.27 (%).Trend:Increase 17.44% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 44.68 (%).Trend:Decrease 24.62% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 58.82 (%).Trend:Increase 31.65% than previous quarter

Overall: decreasing (-0.76%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.87 (USD).Trend:Increase 866.67% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.81 (USD).Trend:Increase 108.05% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.94 (USD).Trend:Increase 62.43% than previous quarter

Overall: increasing (237.93%). Fluctuation: **Significant** (high variation).



Q1 2020 to Q3 2020 finance statements show a significant and negative overall trend in working capital efficiency (liabilities and current assets on revenue), cost efficiency (ratio of retained earnings to revenue), and earnings per share with substantial fluctuation.  Investment efficiency reveals a slight negative trend in retained earnings on assets.