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 110.28 (%).Trend:Increase 212.76% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 53.6 (%).Trend:Decrease 51.4% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 33.09 (%).Trend:Decrease 38.26% than previous quarter

Overall: decreasing (-69.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 127.06 (%).Trend:Increase 216.62% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 64.41 (%).Trend:Decrease 49.31% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 41.51 (%).Trend:Decrease 35.55% than previous quarter

Overall: decreasing (-67.33%). 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 88.42 (%).Trend:Increase 264.02% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 50.48 (%).Trend:Decrease 42.91% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 24.26 (%).Trend:Decrease 51.94% than previous quarter

Overall: decreasing (-72.56%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.1 (%).Trend:Increase 13.36% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.72 (%).Trend:Increase 4.11% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.09 (%).Trend:Decrease 4.01% than previous quarter

Overall: decreasing (-0.07%). 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 33.43 (%).Trend:Increase 8.79% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 35.76 (%).Trend:Increase 6.97% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 26.53 (%).Trend:Decrease 25.81% than previous quarter

Overall: decreasing (-20.64%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis for Q1-Q3 2020 reveals significant volatility. Liabilities and current assets on revenue decreased significantly across the three quarters. Cost efficiency, as measured by the ratio of retained earnings to revenue, showed a substantial decrease. Investment efficiency also displayed a consistent negative trend, though with moderate fluctuation. Selling, general, and administrative (SG&A) expenses decreased slightly overall, indicating potentially stable operational costs.