Working Capital Efficiency
The data from Quater 1 in 2019 to Quater 3 in 2020 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 1: Liabilities on Revenue 101.76 (%).Trend:Increase 157.69% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 55.18 (%).Trend:Decrease 45.77% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 31.9 (%).Trend:Decrease 42.19% than previous quarter

Overall: decreasing (-68.65%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 1: Current assets on Revenue 286.82 (%).Trend:Increase 195.33% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 260.51 (%).Trend:Decrease 9.17% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 179.07 (%).Trend:Decrease 31.26% than previous quarter

Overall: decreasing (-37.57%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 1 in 2019 to Quater 3 in 2020 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 1: Ratio of Retained Earnings to Revenue -653.25 (%).Trend:Increase 164.32% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -321.87 (%).Trend:Decrease 50.73% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -204.44 (%).Trend:Decrease 36.48% than previous quarter

Overall: increasing (-68.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 50.77 (%).Trend:Increase 7.27% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 48.35 (%).Trend:Decrease 4.77% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.47 (%).Trend:Decrease 5.96% than previous quarter

Overall: decreasing (-10.44%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 1 in 2019 to Quater 3 in 2020 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 1: Retained Earning on Assets -186.32 (%).Trend:Decrease 13.11% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -108.2 (%).Trend:Decrease 41.93% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -100.48 (%).Trend:Decrease 7.13% than previous quarter

Overall: increasing (-46.07%). Fluctuation: **Significant** (high variation).

Earning Per Share


From Q1 2019 to Q3 2020, liabilities on revenue decreased significantly (-68.65%) with high variation. Current assets on revenue also decreased (-37.57%), exhibiting moderate variation. Cost efficiency was marked by a significant increase (-68.7%) in the ratio of retained earnings to revenue, with significant fluctuation, while the SG&A expense ratio decreased by 10.44% showing little variation. Investment efficiency showed a significant increase (-46.07%) in retained earnings on assets with high fluctuation.