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 102.91 (%).Trend:Increase 161.39% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 48.21 (%).Trend:Decrease 53.15% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 36.02 (%).Trend:Decrease 25.29% than previous quarter

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

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 198.54 (%).Trend:Increase 193.05% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 113.3 (%).Trend:Decrease 42.93% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 71.74 (%).Trend:Decrease 36.68% than previous quarter

Overall: decreasing (-63.87%). 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 100.23 (%).Trend:Increase 160.41% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 53.79 (%).Trend:Decrease 46.33% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 36.49 (%).Trend:Decrease 32.16% than previous quarter

Overall: decreasing (-63.59%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.58 (%).Trend:Decrease 5.52% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.8 (%).Trend:Increase 2.3% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.56 (%).Trend:Decrease 2.45% than previous quarter

Overall: decreasing (-0.21%). 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 18.83 (%).Trend:Decrease 12.58% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 18.34 (%).Trend:Decrease 2.6% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.07 (%).Trend:Increase 3.98% than previous quarter

Overall: increasing (1.27%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.61 (USD).Trend:Decrease 61.88% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.75 (USD).Trend:Increase 22.95% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.22 (USD).Trend:Increase 62.67% than previous quarter

Overall: increasing (100.0%). Fluctuation: **Significant** (high variation).



Financial analysis of 2020 Q1-Q3 reveals significant fluctuation in working capital efficiency.  Liabilities and current assets on revenue show considerable volatility, decreasing substantially over the three quarters. Cost efficiency also shows significant fluctuation in the ratio of retained earnings to revenue, reflecting a substantial decrease in profitability.  However, SG&A expense ratio fluctuates only slightly, indicating relatively stable administrative costs. Investment efficiency shows a small overall increase in retained earnings on assets with little fluctuation, suggesting stable investment practices. Earnings per share, on the other hand, exhibit considerable volatility, increasing from Q1 to Q3.