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 254.88 (%).Trend:Increase 409.25% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 85.79 (%).Trend:Decrease 66.34% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 43.7 (%).Trend:Decrease 49.06% than previous quarter

Overall: decreasing (-82.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 284.93 (%).Trend:Increase 400.49% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 141.88 (%).Trend:Decrease 50.21% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 81.31 (%).Trend:Decrease 42.69% than previous quarter

Overall: decreasing (-71.46%). 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 288.66 (%).Trend:Increase 277.78% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 159.6 (%).Trend:Decrease 44.71% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 99.29 (%).Trend:Decrease 37.79% than previous quarter

Overall: decreasing (-65.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.53 (%).Trend:Increase 18.75% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.01 (%).Trend:Increase 6.98% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 35.68 (%).Trend:Decrease 6.13% than previous quarter

Overall: increasing (0.42%). 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 46.05 (%).Trend:Decrease 10.72% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 48.59 (%).Trend:Increase 5.52% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 50.87 (%).Trend:Increase 4.69% than previous quarter

Overall: increasing (10.47%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.16 (USD).Trend:Decrease 89.04% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.14 (USD).Trend:Decrease 12.5% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.41 (USD).Trend:Increase 192.86% than previous quarter

Overall: increasing (156.25%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2020 reveal substantial fluctuations.  Working capital efficiency, as measured by liabilities and current assets on revenue, shows a marked decline.  Cost efficiency, measured by the ratio of retained earnings to revenue, is also declining significantly.  SG&A expenses are showing a small upward trend.  Investment efficiency shows an increase in retained earnings on assets, while earnings per share demonstrate significant growth.