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 52.82 (%).Trend:Increase 187.85% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 26.63 (%).Trend:Decrease 49.58% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 17.11 (%).Trend:Decrease 35.75% than previous quarter

Overall: decreasing (-67.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 282.39 (%).Trend:Increase 256.28% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 188.8 (%).Trend:Decrease 33.14% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 146.86 (%).Trend:Decrease 22.21% than previous quarter

Overall: decreasing (-47.99%). 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 95.8 (%).Trend:Increase 292.14% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 67.68 (%).Trend:Decrease 29.35% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 53.92 (%).Trend:Decrease 20.33% than previous quarter

Overall: decreasing (-43.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.86 (%).Trend:Increase 10.2% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.13 (%).Trend:Increase 14.33% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.96 (%).Trend:Increase 8.19% than previous quarter

Overall: increasing (23.7%). 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 17.37 (%).Trend:Increase 18.16% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 18.17 (%).Trend:Increase 4.61% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 18.64 (%).Trend:Increase 2.59% than previous quarter

Overall: increasing (7.31%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.4 (USD).Trend:Decrease 73.86% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.53 (USD).Trend:Increase 32.5% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.66 (USD).Trend:Increase 24.53% than previous quarter

Overall: increasing (65.0%). Fluctuation: **Neutral** (moderate variation).



Financial statement responses from Q1 2020 to Q3 2020 reveal significant fluctuation across various metrics. Liabilities and current assets on revenue showed significant decreases. Cost efficiency, as measured by the ratio of retained earnings to revenue, also decreased significantly. The Selling, General, and Administrative (SG&A) expense ratio and retained earnings on assets demonstrated contrasting trends, increasing moderately and consistently, respectively. Earnings per share saw an overall positive trend.