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 212.15 (%).Trend:Increase 364.02% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 103.68 (%).Trend:Decrease 51.13% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 59.05 (%).Trend:Decrease 43.05% than previous quarter

Overall: decreasing (-72.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 1484.27 (%).Trend:Increase 271.93% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 751.54 (%).Trend:Decrease 49.37% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 416.47 (%).Trend:Decrease 44.58% than previous quarter

Overall: decreasing (-71.94%). 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 251.47 (%).Trend:Increase 136.41% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 84.75 (%).Trend:Decrease 66.3% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 25.53 (%).Trend:Decrease 69.88% than previous quarter

Overall: decreasing (-89.85%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 75.97 (%).Trend:Increase 52.21% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 64.4 (%).Trend:Decrease 15.23% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 53.49 (%).Trend:Decrease 16.94% than previous quarter

Overall: decreasing (-29.59%). 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 15.3 (%).Trend:Decrease 36.75% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 10.12 (%).Trend:Decrease 33.86% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.5 (%).Trend:Decrease 45.65% than previous quarter

Overall: decreasing (-64.05%). Fluctuation: **Significant** (high variation).

Earning Per Share


The financial statements for Q1 2020 to Q3 2020 reveal significant fluctuations in working capital efficiency. Liabilities on revenue decreased overall by 72.17%, while current assets on revenue decreased by 71.94%. Both metrics show substantial quarter-to-quarter variations.  Cost efficiency also shows significant fluctuation, with the ratio of retained earnings to revenue decreasing by 89.85%. The SG&A expense ratio decreased by 29.59% with moderate fluctuations. Invest efficiency, as measured by retained earnings on assets, also decreased by 64.05% with substantial quarter-to-quarter variance.  Further analysis is needed to understand the underlying causes of these trends.