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 119.41 (%).Trend:Increase 108.25% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 85.35 (%).Trend:Decrease 28.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 79.46 (%).Trend:Decrease 6.9% than previous quarter

Overall: decreasing (-33.46%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 119.95 (%).Trend:Increase 265.92% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 108.46 (%).Trend:Decrease 9.58% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 76.82 (%).Trend:Decrease 29.17% than previous quarter

Overall: decreasing (-35.96%). 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 438.14 (%).Trend:Increase 173.34% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 218.88 (%).Trend:Decrease 50.04% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 146.99 (%).Trend:Decrease 32.84% than previous quarter

Overall: decreasing (-66.45%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.99 (%).Trend:Decrease 46.39% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.25 (%).Trend:Decrease 2.24% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.77 (%).Trend:Decrease 1.49% than previous quarter

Overall: decreasing (-3.7%). 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 55.06 (%).Trend:Decrease 1.89% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 48.09 (%).Trend:Decrease 12.66% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 47.82 (%).Trend:Decrease 0.56% than previous quarter

Overall: decreasing (-13.15%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q1 2020 to Q3 2020 reveals a mixed financial performance.  Liabilities and current assets on revenue are decreasing. The ratio of retained earnings to revenue is also declining. The selling, general, and administrative (SG&A) expense ratio is consistently decreasing, with minimal fluctuation. Investment efficiency shows a negative trend, with little variation.