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 84.46 (%).Trend:Increase 279.42% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 41.82 (%).Trend:Decrease 50.49% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 26.47 (%).Trend:Decrease 36.7% than previous quarter

Overall: decreasing (-68.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 155.54 (%).Trend:Increase 277.71% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 82.99 (%).Trend:Decrease 46.64% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 58.96 (%).Trend:Decrease 28.96% than previous quarter

Overall: decreasing (-62.09%). 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 41.41 (%).Trend:Increase 292.51% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 25.83 (%).Trend:Decrease 37.62% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 21.46 (%).Trend:Decrease 16.92% than previous quarter

Overall: decreasing (-48.18%). 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 23.31 (%).Trend:Increase 8.07% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 27.4 (%).Trend:Increase 17.55% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 32.4 (%).Trend:Increase 18.25% than previous quarter

Overall: increasing (39.0%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


The financial statements from Q1 2020 to Q3 2020 reveal a pattern of significant fluctuation in working capital efficiency metrics. Liabilities on revenue decreased substantially, while current assets on revenue also declined significantly, highlighting issues with managing short-term assets and liabilities.  Cost efficiency, as measured by the ratio of retained earnings to revenue, showed a similarly large decrease over the period, raising concerns about profitability and cost control.   Investment efficiency, as shown by the retained earning on assets, had a stable and positive increase. Further analysis is needed to determine the reasons behind these changes.