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 205.99 (%).Trend:Increase 318.0% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 128.55 (%).Trend:Decrease 37.59% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 101.46 (%).Trend:Decrease 21.07% than previous quarter

Overall: decreasing (-50.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 272.38 (%).Trend:Increase 435.86% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 127.0 (%).Trend:Decrease 53.37% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 74.03 (%).Trend:Decrease 41.71% than previous quarter

Overall: decreasing (-72.82%). 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 258.43 (%).Trend:Increase 143.89% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 130.58 (%).Trend:Decrease 49.47% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 54.31 (%).Trend:Decrease 58.41% than previous quarter

Overall: decreasing (-78.98%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.89 (%).Trend:Decrease 32.92% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.45 (%).Trend:Increase 31.9% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.42 (%).Trend:Increase 15.04% than previous quarter

Overall: increasing (51.74%). 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 9.92 (%).Trend:Decrease 35.83% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 8.8 (%).Trend:Decrease 11.29% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.6 (%).Trend:Decrease 36.36% than previous quarter

Overall: decreasing (-43.55%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1-Q3 2020 reveals significant volatility in key financial metrics.  Liabilities on revenue, current assets, the ratio of retained earnings to revenue, and retained earnings on assets all decreased substantially, with high variation.  However, the selling, general, and administrative (SG&A) expense ratio showed a moderate increase.