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 46.07 (%).Trend:Increase 247.44% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 20.58 (%).Trend:Decrease 55.33% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 17.94 (%).Trend:Decrease 12.83% than previous quarter

Overall: decreasing (-61.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 88.1 (%).Trend:Increase 209.56% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 60.36 (%).Trend:Decrease 31.49% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 33.11 (%).Trend:Decrease 45.15% than previous quarter

Overall: decreasing (-62.42%). 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 93.08 (%).Trend:Increase 177.27% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 48.37 (%).Trend:Decrease 48.03% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 32.54 (%).Trend:Decrease 32.73% than previous quarter

Overall: decreasing (-65.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.27 (%).Trend:Increase 3.54% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.63 (%).Trend:Decrease 13.37% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.54 (%).Trend:Decrease 0.85% than previous quarter

Overall: decreasing (-14.1%). 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 27.43 (%).Trend:Decrease 14.95% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 26.06 (%).Trend:Decrease 4.99% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 28.25 (%).Trend:Increase 8.4% than previous quarter

Overall: increasing (2.99%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q1 to Q3 2020 indicate a significant downward trend in working capital efficiency. Liabilities and current assets on revenue declined substantially each quarter. Cost efficiency also shows a notable decrease in the ratio of retained earnings to revenue.  While the Selling, General & Administrative (SG&A) expense ratio decreased slightly, investment efficiency demonstrated a modest increase in retained earnings on assets.