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 74.04 (%).Trend:Increase 276.03% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 34.4 (%).Trend:Decrease 53.54% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.41 (%).Trend:Decrease 26.13% than previous quarter

Overall: decreasing (-65.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 64.25 (%).Trend:Increase 178.5% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 39.85 (%).Trend:Decrease 37.98% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 31.96 (%).Trend:Decrease 19.8% than previous quarter

Overall: decreasing (-50.26%). 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 50.49 (%).Trend:Increase 214.97% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 28.46 (%).Trend:Decrease 43.63% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 20.0 (%).Trend:Decrease 29.73% than previous quarter

Overall: decreasing (-60.39%). 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 5.88 (%).Trend:Increase 6.14% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 6.38 (%).Trend:Increase 8.5% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 6.66 (%).Trend:Increase 4.39% than previous quarter

Overall: increasing (13.27%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 72.26% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.85 (USD).Trend:Increase 123.68% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.27 (USD).Trend:Increase 49.41% than previous quarter

Overall: increasing (234.21%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 to Q3 2020 reveals significant fluctuations in working capital and cost efficiency.  Liabilities and current assets on revenue both decreased but with significant variation. The ratio of retained earnings to revenue also decreased significantly over the three quarters.  Investment efficiency showed a relatively stable increase in retained earnings on assets, while earnings per share saw significant fluctuations.