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 62.93 (%).Trend:Increase 170.2% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 25.55 (%).Trend:Decrease 59.4% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 20.18 (%).Trend:Decrease 21.02% than previous quarter

Overall: decreasing (-67.93%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 89.61 (%).Trend:Increase 154.72% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 44.44 (%).Trend:Decrease 50.41% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 31.33 (%).Trend:Decrease 29.5% than previous quarter

Overall: decreasing (-65.04%). 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 -932.36 (%).Trend:Increase 195.67% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -506.5 (%).Trend:Decrease 45.68% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -352.94 (%).Trend:Decrease 30.32% than previous quarter

Overall: increasing (-62.15%). 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 1.32% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.63 (%).Trend:Increase 2.93% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.55 (%).Trend:Decrease 8.55% than previous quarter

Overall: decreasing (-5.87%). 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 -77.17 (%).Trend:Increase 5.47% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -81.29 (%).Trend:Increase 5.34% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -83.21 (%).Trend:Increase 2.36% than previous quarter

Overall: decreasing (7.83%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1 2020 to Q3 2020 indicates substantial volatility in working capital efficiency, with liabilities and current assets on revenue both decreasing significantly. Cost efficiency reveals a substantial, yet negative increase in the ratio of retained earnings to revenue.  A slight decrease is observed in the SG&A expense ratio, indicating some cost control efforts.  However, investment efficiency demonstrates a substantial negative trend in retained earnings on assets.