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 92.24 (%).Trend:Increase 216.54% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 47.08 (%).Trend:Decrease 48.96% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 31.83 (%).Trend:Decrease 32.39% than previous quarter

Overall: decreasing (-65.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 171.08 (%).Trend:Increase 285.06% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 69.8 (%).Trend:Decrease 59.2% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 44.02 (%).Trend:Decrease 36.93% than previous quarter

Overall: decreasing (-74.27%). 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 44.5 (%).Trend:Increase 224.11% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 24.24 (%).Trend:Decrease 45.53% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 17.88 (%).Trend:Decrease 26.24% than previous quarter

Overall: decreasing (-59.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.78 (%).Trend:Increase 11.27% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.1 (%).Trend:Decrease 11.23% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.78 (%).Trend:Decrease 7.97% than previous quarter

Overall: decreasing (-18.3%). 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 13.36 (%).Trend:Decrease 10.4% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 16.36 (%).Trend:Increase 22.46% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.22 (%).Trend:Increase 17.48% than previous quarter

Overall: increasing (43.86%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Analysis of Q1 2020 to Q3 2020 reveals significant fluctuations in several key metrics. Liabilities on revenue and current assets on revenue both decreased significantly (-65.49% and -74.27% respectively), displaying high variability. The ratio of retained earnings to revenue also showed a substantial decrease (-59.82%), with considerable fluctuation.  Conversely, the selling, general, and administrative expense ratio and retained earnings on assets exhibited more moderate changes, suggesting relative stability.