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 231.85 (%).Trend:Increase 183.85% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 114.4 (%).Trend:Decrease 50.66% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 73.06 (%).Trend:Decrease 36.14% than previous quarter

Overall: decreasing (-68.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 235.72 (%).Trend:Increase 166.02% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 128.77 (%).Trend:Decrease 45.37% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 82.13 (%).Trend:Decrease 36.22% than previous quarter

Overall: decreasing (-65.16%). 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 433.16 (%).Trend:Increase 206.75% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 225.32 (%).Trend:Decrease 47.98% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 148.41 (%).Trend:Decrease 34.13% than previous quarter

Overall: decreasing (-65.74%). Fluctuation: **Significant** (high 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 82.64 (%).Trend:Increase 9.72% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 79.42 (%).Trend:Decrease 3.9% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 80.6 (%).Trend:Increase 1.49% than previous quarter

Overall: decreasing (-2.47%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 66.67% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (200.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2020 to Q3 2020 reveals highly volatile financial performance. Liabilities on revenue and current assets on revenue exhibited substantial decreases (-68.49% and -65.16% respectively), hinting at potential working capital mismanagement. Cost efficiency (retained earnings/revenue) also decreased significantly (-65.74%). Investment efficiency (retained earnings on assets) showed a minimal decrease (-2.47%). Earnings per share, though increasing overall (200%), displayed significant fluctuations across quarters.