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 159.5 (%).Trend:Increase 8.89% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 118.29 (%).Trend:Decrease 25.84% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 80.37 (%).Trend:Decrease 32.06% than previous quarter

Overall: decreasing (-49.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 213.79 (%).Trend:Increase 25.21% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 121.7 (%).Trend:Decrease 43.07% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 90.45 (%).Trend:Decrease 25.68% than previous quarter

Overall: decreasing (-57.69%). 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 122.68 (%).Trend:Increase 56.12% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 64.73 (%).Trend:Decrease 47.24% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 45.09 (%).Trend:Decrease 30.34% than previous quarter

Overall: decreasing (-63.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 38.13 (%).Trend:Decrease 13.81% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 39.05 (%).Trend:Increase 2.41% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.64 (%).Trend:Decrease 1.05% than previous quarter

Overall: increasing (1.34%). 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 5.33 (%).Trend:Increase 4.92% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 5.26 (%).Trend:Decrease 1.31% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.56 (%).Trend:Increase 5.7% than previous quarter

Overall: increasing (4.32%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for the first three quarters of 2020 show significant fluctuations in working capital efficiency, with both liabilities and current assets on revenue decreasing substantially. Cost efficiency is similarly negatively impacted, with a considerable decrease in the ratio of retained earnings to revenue.  The SG&A expense ratio, however, shows a slight overall increase.  Investment efficiency also shows a slight increase in retained earnings on assets with little fluctuation.