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 43.58 (%).Trend:Increase 196.46% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 21.03 (%).Trend:Decrease 51.74% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 15.68 (%).Trend:Decrease 25.44% than previous quarter

Overall: decreasing (-64.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 152.96 (%).Trend:Increase 216.88% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 81.81 (%).Trend:Decrease 46.52% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 55.5 (%).Trend:Decrease 32.16% than previous quarter

Overall: decreasing (-63.72%). 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 162.18 (%).Trend:Increase 221.72% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 84.39 (%).Trend:Decrease 47.97% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 56.77 (%).Trend:Decrease 32.73% than previous quarter

Overall: decreasing (-65.0%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.54 (%).Trend:Increase 6.48% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.68 (%).Trend:Increase 1.64% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.28 (%).Trend:Decrease 4.61% than previous quarter

Overall: decreasing (-3.04%). 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 37.71 (%).Trend:Increase 2.58% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 37.72 (%).Trend:Increase 0.03% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 38.07 (%).Trend:Increase 0.93% than previous quarter

Overall: increasing (0.95%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 1.5 (USD).Trend:Decrease 74.7% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.09 (USD).Trend:Increase 39.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.56 (USD).Trend:Increase 70.33% than previous quarter

Overall: increasing (137.33%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2020 to Q3 2020 reveals significant fluctuations in key metrics.  Liabilities, current assets, and retained earnings (relative to revenue) all decreased dramatically, suggesting potential issues. However, retained earnings on assets showed slight, consistent growth and earnings per share increased considerably, indicating improved profitability despite other negative trends.  The relatively stable SG&A expenses provide context.