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 116.94 (%).Trend:Increase 318.09% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 63.66 (%).Trend:Decrease 45.56% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 39.51 (%).Trend:Decrease 37.94% than previous quarter

Overall: decreasing (-66.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 121.77 (%).Trend:Increase 257.94% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 71.72 (%).Trend:Decrease 41.1% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 42.98 (%).Trend:Decrease 40.07% than previous quarter

Overall: decreasing (-64.7%). 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 134.5 (%).Trend:Increase 119.38% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 75.06 (%).Trend:Decrease 44.19% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 48.71 (%).Trend:Decrease 35.11% than previous quarter

Overall: decreasing (-63.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.76 (%).Trend:Increase 23.96% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.03 (%).Trend:Increase 5.67% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.96 (%).Trend:Decrease 1.39% than previous quarter

Overall: increasing (4.2%). 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 20.24 (%).Trend:Decrease 31.37% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 20.49 (%).Trend:Increase 1.24% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 21.56 (%).Trend:Increase 5.22% than previous quarter

Overall: increasing (6.52%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q1-Q3 2020 reveals significant fluctuations across various metrics. Liabilities on revenue decreased overall with substantial variation. Current assets on revenue similarly showed a decrease with considerable volatility. Cost efficiency, measured by the ratio of retained earnings to revenue, also decreased overall. Investment efficiency exhibited a slight, consistent upward trend in retained earnings on assets. The selling, general, and administrative (SG&A) expense ratio showed a small, consistent increase with minimal fluctuation.