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 75.82 (%).Trend:Increase 152.14% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 36.46 (%).Trend:Decrease 51.91% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 32.73 (%).Trend:Decrease 10.23% than previous quarter

Overall: decreasing (-56.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 105.45 (%).Trend:Increase 174.04% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 58.92 (%).Trend:Decrease 44.13% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 39.12 (%).Trend:Decrease 33.6% than previous quarter

Overall: decreasing (-62.9%). 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 6.2 (%).Trend:Decrease 6.63% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 5.38 (%).Trend:Decrease 13.23% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 6.11 (%).Trend:Increase 13.57% than previous quarter

Overall: decreasing (-1.45%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 1.31 (%).Trend:Decrease 66.06% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 2.04 (%).Trend:Increase 55.73% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 3.72 (%).Trend:Increase 82.35% than previous quarter

Overall: increasing (183.97%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1-Q3 2020 highlights significant fluctuations in working capital efficiency. Liabilities on revenue declined significantly, while current assets on revenue also decreased substantially, both showing highly variable trends.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a slight overall decrease but little variation.  Investment efficiency, represented by retained earnings on assets, showed a considerable increase with considerable variation.