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 63.6 (%).Trend:Increase 225.65% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 35.4 (%).Trend:Decrease 44.34% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.61 (%).Trend:Decrease 30.48% than previous quarter

Overall: decreasing (-61.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 105.87 (%).Trend:Increase 212.58% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 54.1 (%).Trend:Decrease 48.9% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 38.86 (%).Trend:Decrease 28.17% than previous quarter

Overall: decreasing (-63.29%). 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 -13.1 (%).Trend:Decrease 197.18% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -8.3 (%).Trend:Decrease 36.64% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -5.1 (%).Trend:Decrease 38.55% than previous quarter

Overall: increasing (-61.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.06 (%).Trend:Increase 17.81% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.88 (%).Trend:Increase 6.98% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.93 (%).Trend:Decrease 3.41% than previous quarter

Overall: increasing (3.34%). 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 -3.58 (%).Trend:Decrease 133.93% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -4.15 (%).Trend:Increase 15.92% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -3.79 (%).Trend:Decrease 8.67% than previous quarter

Overall: decreasing (5.87%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1 2020 to Q3 2020 shows significant volatility. Liabilities and current assets on revenue both decreased from Q1 to Q3, though both started with considerable increases in Q1 2020.  Cost efficiency reveals considerable variation in the ratio of retained earnings to revenue. The selling, general, and administrative (SG&A) expense ratio is relatively stable and slightly increasing. Investment efficiency displays a slightly decreasing trend in retained earnings on assets, with high variation.