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 114.52 (%).Trend:Increase 156.48% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 65.48 (%).Trend:Decrease 42.82% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 46.63 (%).Trend:Decrease 28.79% than previous quarter

Overall: decreasing (-59.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 779.16 (%).Trend:Increase 129.29% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 395.88 (%).Trend:Decrease 49.19% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 356.75 (%).Trend:Decrease 9.88% than previous quarter

Overall: decreasing (-54.21%). 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 -1448.81 (%).Trend:Increase 188.06% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -832.23 (%).Trend:Decrease 42.56% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -394.97 (%).Trend:Decrease 52.54% than previous quarter

Overall: increasing (-72.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 90.75 (%).Trend:Decrease 3.27% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 94.86 (%).Trend:Increase 4.53% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 67.77 (%).Trend:Decrease 28.56% than previous quarter

Overall: decreasing (-25.32%). 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 -133.79 (%).Trend:Increase 14.41% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -147.39 (%).Trend:Increase 10.17% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -90.1 (%).Trend:Decrease 38.87% than previous quarter

Overall: increasing (-32.66%). Fluctuation: **Significant** (high variation).

Earning Per Share


The analysis of Q1 2020-Q3 2020 data reveals substantial volatility. Liabilities on Revenue decreased significantly (-59.28%), showcasing improved financial health, despite large quarterly changes.  Current assets on revenue also declined (-54.21%), suggesting improved working capital management. However, the ratio of retained earnings to revenue increased, meaning the company accumulated more losses than anticipated. SG&A expense ratio displayed a moderate decrease, but Retained Earning on Assets showed a significant decrease.