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 109.88 (%).Trend:Increase 381.72% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 34.74 (%).Trend:Decrease 68.38% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.39 (%).Trend:Decrease 26.91% than previous quarter

Overall: decreasing (-76.89%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 122.05 (%).Trend:Increase 225.73% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 60.64 (%).Trend:Decrease 50.32% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 40.75 (%).Trend:Decrease 32.8% than previous quarter

Overall: decreasing (-66.61%). 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 58.21 (%).Trend:Increase 162.09% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 25.42 (%).Trend:Decrease 56.33% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -2.21 (%).Trend:Decrease 108.69% than previous quarter

Overall: decreasing (-103.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.79 (%).Trend:Increase 1.8% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.37 (%).Trend:Increase 8.54% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.53 (%).Trend:Increase 2.17% than previous quarter

Overall: increasing (10.9%). 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 9.03 (%).Trend:Decrease 20.51% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 7.55 (%).Trend:Decrease 16.39% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -1.09 (%).Trend:Decrease 114.44% than previous quarter

Overall: decreasing (-112.07%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.51 (USD).Trend:Decrease 227.5% than previous quarter
Year 2020 Quarter 2: Earning Per Share -1.27 (USD).Trend:Increase 149.02% than previous quarter
Year 2020 Quarter 3: Earning Per Share -5.94 (USD).Trend:Increase 367.72% than previous quarter

Overall: decreasing (1064.71%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2020 was highly volatile.  Working capital efficiency metrics (liabilities and current assets on revenue) declined significantly, with substantial fluctuations.  Cost efficiency, particularly the ratio of retained earnings to revenue, also decreased dramatically.  While selling, general, and administrative (SG&A) expenses increased slightly, the overall trend across most metrics points towards a decrease in profitability and efficiency.  Earnings per share experienced a substantial decline over the period, echoing the broader negative trend.