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 119.41 (%).Trend:Increase 108.25% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 85.35 (%).Trend:Decrease 28.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 79.46 (%).Trend:Decrease 6.9% than previous quarter

Overall: decreasing (-33.46%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 119.95 (%).Trend:Increase 265.92% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 108.46 (%).Trend:Decrease 9.58% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 76.82 (%).Trend:Decrease 29.17% than previous quarter

Overall: decreasing (-35.96%). Fluctuation: **Neutral** (moderate 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 438.14 (%).Trend:Increase 173.34% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 218.88 (%).Trend:Decrease 50.04% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 146.99 (%).Trend:Decrease 32.84% than previous quarter

Overall: decreasing (-66.45%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.99 (%).Trend:Decrease 46.39% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.25 (%).Trend:Decrease 2.24% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.77 (%).Trend:Decrease 1.49% than previous quarter

Overall: decreasing (-3.7%). 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 55.06 (%).Trend:Decrease 1.89% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 48.09 (%).Trend:Decrease 12.66% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 47.82 (%).Trend:Decrease 0.56% than previous quarter

Overall: decreasing (-13.15%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance for the first three quarters of 2020 shows a mixed trend.  Working capital efficiency, measured by liabilities and current assets on revenue, is decreasing.  Cost efficiency, as measured by the ratio of retained earnings to revenue, is also declining significantly, exhibiting high fluctuation. Conversely, the selling, general, and administrative (SG&A) expense ratio is decreasing, albeit with little fluctuation. Investment efficiency, as measured by retained earnings on assets, is also decreasing, with low variation.  Overall, the financial picture presents a trend of decreasing efficiency across various metrics, with notable fluctuations in some areas, particularly in cost efficiency.