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 68.28 (%).Trend:Increase 279.97% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 34.72 (%).Trend:Decrease 49.15% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 18.95 (%).Trend:Decrease 45.42% than previous quarter

Overall: decreasing (-72.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 138.88 (%).Trend:Increase 270.35% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 70.81 (%).Trend:Decrease 49.01% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 46.3 (%).Trend:Decrease 34.61% than previous quarter

Overall: decreasing (-66.66%). 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 310.45 (%).Trend:Increase 153.14% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 179.86 (%).Trend:Decrease 42.06% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 122.76 (%).Trend:Decrease 31.75% than previous quarter

Overall: decreasing (-60.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.99 (%).Trend:Decrease 17.56% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.0 (%).Trend:Increase 7.22% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.58 (%).Trend:Increase 3.87% than previous quarter

Overall: increasing (11.37%). 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 48.55 (%).Trend:Decrease 24.46% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 52.63 (%).Trend:Increase 8.4% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 52.46 (%).Trend:Decrease 0.32% than previous quarter

Overall: increasing (8.05%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -4.0 (USD).Trend:Decrease 233.33% than previous quarter
Year 2020 Quarter 2: Earning Per Share -3.0 (USD).Trend:Decrease 25.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.0 (USD).Trend:Decrease 33.33% than previous quarter

Overall: increasing (-50.0%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2020 to Q3 2020 reveals a concerning picture. Significant fluctuations are evident in working capital efficiency, with both liabilities and current assets on revenue declining substantially.  Cost efficiency, specifically the ratio of retained earnings to revenue, is also decreasing, further compounding the negative outlook. Although selling, general, and administrative (SG&A) expenses experienced a small increase, and investment efficiency (retained earnings on assets) shows a slight increase, negative earnings per share are a significant cause for concern, suggesting a potential ongoing financial struggle.