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 80.67 (%).Trend:Increase 205.92% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 25.44 (%).Trend:Decrease 68.46% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 20.62 (%).Trend:Decrease 18.95% than previous quarter

Overall: decreasing (-74.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 240.72 (%).Trend:Increase 212.95% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 110.12 (%).Trend:Decrease 54.25% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 76.99 (%).Trend:Decrease 30.09% than previous quarter

Overall: decreasing (-68.02%). 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 368.74 (%).Trend:Increase 211.02% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 183.91 (%).Trend:Decrease 50.12% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 117.9 (%).Trend:Decrease 35.89% than previous quarter

Overall: decreasing (-68.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.69 (%).Trend:Increase 0.6% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.73 (%).Trend:Increase 2.37% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.67 (%).Trend:Decrease 3.47% than previous quarter

Overall: decreasing (-1.18%). 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 39.11 (%).Trend:Increase 0.18% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 40.79 (%).Trend:Increase 4.3% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 40.88 (%).Trend:Increase 0.22% than previous quarter

Overall: increasing (4.53%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q1 2020 to Q3 2020 show a significant decline in liabilities and current assets on revenue, with high variation. The ratio of retained earnings to revenue also shows a substantial decrease (68.03%). While selling, general, and administrative (SG&A) expenses display a negligible overall downward trend (-1.18%), their variation is minor. Investment efficiency exhibits modest growth in retained earnings on assets (4.53%).  The overall financial picture points toward a period of significant contraction in working capital and cost efficiency, with some signs of stability in investment efficiency.