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 54.92 (%).Trend:Increase 227.88% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 28.5 (%).Trend:Decrease 48.11% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 19.24 (%).Trend:Decrease 32.49% than previous quarter

Overall: decreasing (-64.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 276.34 (%).Trend:Increase 216.29% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 145.11 (%).Trend:Decrease 47.49% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 97.12 (%).Trend:Decrease 33.07% than previous quarter

Overall: decreasing (-64.85%). 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 -30.0 (%).Trend:Increase 236.7% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -15.92 (%).Trend:Decrease 46.93% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -11.54 (%).Trend:Decrease 27.51% than previous quarter

Overall: increasing (-61.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.71 (%).Trend:Increase 0.08% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.16 (%).Trend:Increase 3.54% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.22 (%).Trend:Increase 0.46% than previous quarter

Overall: increasing (4.01%). 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 -6.74 (%).Trend:Increase 4.98% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -6.75 (%).Trend:Increase 0.15% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -7.25 (%).Trend:Increase 7.41% than previous quarter

Overall: decreasing (7.57%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 2020 to Q3 2020 shows significant fluctuations across all metrics. Liabilities and current assets on revenue, and the retained earnings ratio, show substantial decreases. The SG&A expense ratio, however, showed a slightly upward trend. Investment efficiency and retained earnings on assets displayed significant variation, decreasing overall.