Working Capital Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2020 includes 3 quarters.

Liabilities on Revenue
Current assets on Revenue

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 102625.91 (%).Trend:Increase 133876.38% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 41177.25 (%).Trend:Decrease 59.88% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 17882.34 (%).Trend:Decrease 56.57% than previous quarter

Overall: decreasing (-82.58%). 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 38.1 (%).Trend:Increase 1.06% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 42.54 (%).Trend:Increase 11.65% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 44.75 (%).Trend:Increase 5.2% than previous quarter

Overall: increasing (17.45%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.24 (USD).Trend:Decrease 61.9% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.67 (USD).Trend:Increase 179.17% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.27 (USD).Trend:Increase 89.55% than previous quarter

Overall: increasing (429.17%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2020 to Q3 2020 reveals significant fluctuation in key ratios.  Retained earnings to revenue decreased dramatically, overall by 82.58%, exhibiting significant volatility. Earnings per share, however, experienced a substantial increase of 429.17%, despite significant quarter-to-quarter changes.  Investment efficiency shows a modest, steady increase (17.45%).  Working capital efficiency and cost efficiency data are not sufficient to draw conclusions.  The SG&A expense ratio data is absent.