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 66.88 (%).Trend:Increase 191.8% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 35.11 (%).Trend:Decrease 47.5% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.71 (%).Trend:Decrease 29.62% than previous quarter

Overall: decreasing (-63.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 104.55 (%).Trend:Increase 190.9% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 87.48 (%).Trend:Decrease 16.33% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 45.92 (%).Trend:Decrease 47.51% than previous quarter

Overall: decreasing (-56.08%). 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 -161.85 (%).Trend:Increase 237.82% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -101.28 (%).Trend:Decrease 37.42% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -63.71 (%).Trend:Decrease 37.1% than previous quarter

Overall: increasing (-60.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.77 (%).Trend:Decrease 6.51% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.2 (%).Trend:Increase 20.65% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.33 (%).Trend:Increase 7.96% than previous quarter

Overall: increasing (30.25%). 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 -23.3 (%).Trend:Increase 4.48% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -22.17 (%).Trend:Decrease 4.85% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -22.15 (%).Trend:Decrease 0.09% than previous quarter

Overall: increasing (-4.94%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 1.2 (USD).Trend:Decrease 70.3% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.42 (USD).Trend:Increase 18.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.1 (USD).Trend:Increase 47.89% than previous quarter

Overall: increasing (75.0%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2020 to Q3 2020 data reveals significant fluctuations in several key financial metrics. Liabilities on revenue and current assets on revenue decreased substantially. The ratio of retained earnings to revenue showed a significant increase, while SG&A expenses increased moderately.  Retained earnings on assets and earnings per share also saw significant changes.