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 101.23 (%).Trend:Increase 118.78% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 53.78 (%).Trend:Decrease 46.87% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 34.74 (%).Trend:Decrease 35.4% than previous quarter

Overall: decreasing (-65.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 501.88 (%).Trend:Increase 217.46% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 261.24 (%).Trend:Decrease 47.95% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 188.62 (%).Trend:Decrease 27.8% than previous quarter

Overall: decreasing (-62.42%). 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 769.52 (%).Trend:Increase 213.67% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 403.26 (%).Trend:Decrease 47.6% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 285.91 (%).Trend:Decrease 29.1% than previous quarter

Overall: decreasing (-62.85%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.81 (%).Trend:Decrease 3.07% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.68 (%).Trend:Increase 2.57% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 35.28 (%).Trend:Increase 1.73% than previous quarter

Overall: increasing (4.35%). 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 66.45 (%).Trend:Decrease 1.98% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 66.46 (%).Trend:Increase 0.02% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 64.62 (%).Trend:Decrease 2.77% than previous quarter

Overall: decreasing (-2.75%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q1 2020 to Q3 2020 reveals substantial volatility. Liabilities on revenue and current assets on revenue exhibit significant decreases, but with considerable quarter-to-quarter fluctuation. Cost efficiency, represented by the ratio of retained earnings to revenue, similarly displays substantial declines and fluctuations.  However, the selling, general, and administrative (SG&A) expense ratio shows a slight upward trend. Investment efficiency, measured by retained earnings on assets, demonstrates a slight overall downward trend, with little fluctuation. The high variability in these metrics necessitates careful further review.