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 87.61 (%).Trend:Increase 185.75% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 42.47 (%).Trend:Decrease 51.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.44 (%).Trend:Decrease 40.1% than previous quarter

Overall: decreasing (-70.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 107.1 (%).Trend:Increase 225.73% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 48.54 (%).Trend:Decrease 54.68% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 32.02 (%).Trend:Decrease 34.03% than previous quarter

Overall: decreasing (-70.1%). 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 -30.06 (%).Trend:Increase 254.48% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -11.43 (%).Trend:Decrease 61.98% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -7.6 (%).Trend:Decrease 33.51% than previous quarter

Overall: increasing (-74.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.38 (%).Trend:Increase 47.68% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.88 (%).Trend:Decrease 26.16% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.73 (%).Trend:Decrease 1.52% than previous quarter

Overall: decreasing (-27.28%). 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 -12.76 (%).Trend:Decrease 8.99% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -11.79 (%).Trend:Decrease 7.6% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -11.64 (%).Trend:Decrease 1.27% than previous quarter

Overall: increasing (-8.78%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1 to Q3 2020 shows significant fluctuations across all efficiency metrics. Working capital efficiency (liabilities and current assets on revenue) shows substantial decreases. Cost efficiency, as measured by the retained earnings to revenue ratio, shows significant increases and decreases. SG&A expense ratio shows a declining trend, but with some fluctuations.  Investment efficiency (retained earnings on assets) shows a negative, increasing trend.  The provided data is for earnings per share is missing.