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 72.95 (%).Trend:Increase 178.12% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 39.12 (%).Trend:Decrease 46.37% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 28.03 (%).Trend:Decrease 28.35% than previous quarter

Overall: decreasing (-61.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 121.28 (%).Trend:Increase 184.49% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 57.67 (%).Trend:Decrease 52.45% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 40.18 (%).Trend:Decrease 30.33% than previous quarter

Overall: decreasing (-66.87%). 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 42.76 (%).Trend:Increase 221.5% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 22.79 (%).Trend:Decrease 46.7% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 15.39 (%).Trend:Decrease 32.47% than previous quarter

Overall: decreasing (-64.01%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.69 (%).Trend:Increase 20.03% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.36 (%).Trend:Decrease 3.8% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.4 (%).Trend:Increase 0.48% than previous quarter

Overall: decreasing (-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 22.32 (%).Trend:Increase 10.55% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 24.74 (%).Trend:Increase 10.84% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 24.77 (%).Trend:Increase 0.12% than previous quarter

Overall: increasing (10.98%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.6 (USD).Trend:Decrease 60.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.4 (USD).Trend:Increase 133.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.44 (USD).Trend:Increase 74.29% than previous quarter

Overall: increasing (306.67%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2020 to Q3 2020 shows significant fluctuations in key performance indicators. Liabilities and current assets on revenue decreased significantly, although with substantial volatility. Cost efficiency, measured by the retained earnings to revenue ratio, also experienced a substantial decrease with notable fluctuation.  Selling, general, and administrative (SG&A) expense ratios declined, displaying low fluctuation.  Investment efficiency, evidenced by retained earnings on assets, showed steady growth with low variation. Earnings per share increased substantially with high variability.  This combination indicates volatility across many financial parameters.