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 69.37 (%).Trend:Increase 151.25% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 35.16 (%).Trend:Decrease 49.32% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 22.22 (%).Trend:Decrease 36.8% than previous quarter

Overall: decreasing (-67.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 187.98 (%).Trend:Increase 208.37% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 111.61 (%).Trend:Decrease 40.63% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 69.16 (%).Trend:Decrease 38.03% than previous quarter

Overall: decreasing (-63.21%). 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 561.04 (%).Trend:Increase 238.44% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 277.99 (%).Trend:Decrease 50.45% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 186.41 (%).Trend:Decrease 32.94% than previous quarter

Overall: decreasing (-66.77%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 38.01 (%).Trend:Increase 15.46% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.43 (%).Trend:Decrease 9.42% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.37 (%).Trend:Decrease 3.08% than previous quarter

Overall: decreasing (-12.21%). 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 78.2 (%).Trend:Increase 2.38% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 76.08 (%).Trend:Decrease 2.71% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 76.25 (%).Trend:Increase 0.22% than previous quarter

Overall: decreasing (-2.49%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis for Q1 to Q3 2020 shows mixed results. Working capital efficiency, measured by liabilities and current assets on revenue, decreased significantly. Cost efficiency, with the ratio of retained earnings to revenue, declined considerably, while the SG&A expense ratio saw a smaller decrease. Investment efficiency, reflected in retained earnings on assets, exhibited a minor decline.