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 159.5 (%).Trend:Increase 8.89% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 118.29 (%).Trend:Decrease 25.84% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 80.37 (%).Trend:Decrease 32.06% than previous quarter

Overall: decreasing (-49.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 213.79 (%).Trend:Increase 25.21% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 121.7 (%).Trend:Decrease 43.07% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 90.45 (%).Trend:Decrease 25.68% than previous quarter

Overall: decreasing (-57.69%). 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 122.68 (%).Trend:Increase 56.12% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 64.73 (%).Trend:Decrease 47.24% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 45.09 (%).Trend:Decrease 30.34% than previous quarter

Overall: decreasing (-63.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 38.13 (%).Trend:Decrease 13.81% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 39.05 (%).Trend:Increase 2.41% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.64 (%).Trend:Decrease 1.05% than previous quarter

Overall: increasing (1.34%). 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 5.33 (%).Trend:Increase 4.92% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 5.26 (%).Trend:Decrease 1.31% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.56 (%).Trend:Increase 5.7% than previous quarter

Overall: increasing (4.32%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for 2020 Q1-Q3 show a worrying trend of declining working capital efficiency.  Liabilities and current assets on revenue are declining substantially, impacting cost efficiency.  The retained earnings-to-revenue ratio is significantly lower.  Surprisingly, the SG&A expense ratio exhibits a slight increase.  Conversely, investment efficiency shows a modest increase in retained earnings on assets with low variation.