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 139.94 (%).Trend:Increase 313.41% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 50.6 (%).Trend:Decrease 63.84% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 34.55 (%).Trend:Decrease 31.72% than previous quarter

Overall: decreasing (-75.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 108.06 (%).Trend:Increase 254.06% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 37.83 (%).Trend:Decrease 64.99% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 30.47 (%).Trend:Decrease 19.46% than previous quarter

Overall: decreasing (-71.8%). 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 623.6 (%).Trend:Increase 172.72% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 345.89 (%).Trend:Decrease 44.53% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 246.22 (%).Trend:Decrease 28.82% than previous quarter

Overall: decreasing (-60.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.12 (%).Trend:Decrease 7.78% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.66 (%).Trend:Increase 40.57% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.38 (%).Trend:Decrease 5.65% than previous quarter

Overall: increasing (32.63%). 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 152.83 (%).Trend:Decrease 6.22% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 172.76 (%).Trend:Increase 13.04% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 172.78 (%).Trend:Increase 0.01% than previous quarter

Overall: increasing (13.05%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.09 (USD).Trend:Decrease 106.72% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.12 (USD).Trend:Decrease 233.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.92 (USD).Trend:Increase 666.67% than previous quarter

Overall: increasing (-1122.22%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2020 – Q3 2020 data reveals significant decreases in liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue, indicating potential improvements in working capital and cost management.  Conversely, SG&A expenses increased moderately.  Retained earnings on assets exhibited minor growth while earnings per share significantly improved from an initially negative position.