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 98.19 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 61.44 (%).Trend:Decrease 37.43% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 44.36 (%).Trend:Decrease 27.8% than previous quarter

Overall: decreasing (-54.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 56.12 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 72.11 (%).Trend:Increase 28.49% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 54.09 (%).Trend:Decrease 24.99% than previous quarter

Overall: decreasing (-3.62%). 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 79.84 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 50.57 (%).Trend:Decrease 36.66% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 34.97 (%).Trend:Decrease 30.85% than previous quarter

Overall: decreasing (-56.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.33 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.33 (%).Trend:Increase 17.65% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.05 (%).Trend:Increase 5.4% than previous quarter

Overall: increasing (24.01%). Fluctuation: **Neutral** (moderate 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 12.06 (%).Trend:Increase 18.93% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 11.2 (%).Trend:Decrease 7.13% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 10.83 (%).Trend:Decrease 3.3% than previous quarter

Overall: decreasing (-10.2%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for Q1 to Q3 2020 show substantial fluctuations.  Liabilities on revenue decreased significantly.  Current assets on revenue also decreased, though less drastically. Cost efficiency, as indicated by the ratio of retained earnings to revenue, declined sharply.  Selling, General & Administrative (SG&A) expenses saw an increase. Investment efficiency, shown by retained earnings on assets, had a slight overall decrease.