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 67.86 (%).Trend:Increase 198.02% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 38.86 (%).Trend:Decrease 42.74% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.89 (%).Trend:Decrease 33.38% than previous quarter

Overall: decreasing (-61.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 425.14 (%).Trend:Increase 211.57% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 212.75 (%).Trend:Decrease 49.96% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 133.98 (%).Trend:Decrease 37.02% than previous quarter

Overall: decreasing (-68.49%). 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 145.66 (%).Trend:Increase 211.44% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 70.42 (%).Trend:Decrease 51.65% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 45.74 (%).Trend:Decrease 35.05% than previous quarter

Overall: decreasing (-68.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.4 (%).Trend:Decrease 10.8% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.75 (%).Trend:Increase 6.96% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.06 (%).Trend:Decrease 8.14% than previous quarter

Overall: decreasing (-1.75%). 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 23.97 (%).Trend:Increase 1.83% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 23.14 (%).Trend:Decrease 3.46% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 24.08 (%).Trend:Increase 4.06% than previous quarter

Overall: increasing (0.46%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.8 (USD).Trend:Decrease 54.8% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.48 (USD).Trend:Increase 85.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.72 (USD).Trend:Increase 83.78% than previous quarter

Overall: increasing (240.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2020 to Q3 2020 reveals significant fluctuations. Working capital efficiency, measured by liabilities and current assets on revenue, showed substantial decreases.  Cost efficiency, particularly the retained earnings to revenue ratio, displayed substantial declines.  While Selling, General & Administrative (SG&A) Expense Ratio experienced little fluctuation, investment efficiency demonstrated minimal variation with a slight upward trend. Earnings per share saw a substantial increase over the three quarters.