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 151.65 (%).Trend:Increase 192.53% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 79.27 (%).Trend:Decrease 47.73% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 53.16 (%).Trend:Decrease 32.94% than previous quarter

Overall: decreasing (-64.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 151.75 (%).Trend:Increase 179.31% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 76.23 (%).Trend:Decrease 49.77% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 53.02 (%).Trend:Decrease 30.45% than previous quarter

Overall: decreasing (-65.06%). 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 162.24 (%).Trend:Increase 173.04% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 83.79 (%).Trend:Decrease 48.35% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 57.25 (%).Trend:Decrease 31.67% than previous quarter

Overall: decreasing (-64.71%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.12 (%).Trend:Decrease 7.86% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.28 (%).Trend:Decrease 4.39% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.26 (%).Trend:Decrease 0.11% than previous quarter

Overall: decreasing (-4.5%). 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 37.2 (%).Trend:Decrease 4.71% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 38.06 (%).Trend:Increase 2.31% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 38.6 (%).Trend:Increase 1.42% than previous quarter

Overall: increasing (3.76%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for Q1 2020 to Q3 2020 highlight considerable volatility in working capital efficiency. Liabilities and current assets on revenue demonstrate a clear overall decrease, but with significant quarter-to-quarter changes.  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a notable overall decrease with substantial volatility. The selling, general, and administrative (SG&A) expense ratio trends indicate a modest decrease overall with little fluctuation. Investment efficiency (retained earnings on assets) demonstrates a slight upward trend, with minimal change across the quarters.