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 110.45 (%).Trend:Increase 330.6% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 107.88 (%).Trend:Decrease 2.33% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 106.09 (%).Trend:Decrease 1.66% than previous quarter

Overall: decreasing (-3.95%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 108.1 (%).Trend:Increase 353.25% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 134.77 (%).Trend:Increase 24.67% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 167.33 (%).Trend:Increase 24.16% than previous quarter

Overall: increasing (54.79%). Fluctuation: **Neutral** (moderate 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 107.64 (%).Trend:Increase 258.68% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 75.06 (%).Trend:Decrease 30.27% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 45.44 (%).Trend:Decrease 39.46% than previous quarter

Overall: decreasing (-57.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 10.39 (%).Trend:Decrease 20.14% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 7.29 (%).Trend:Decrease 29.84% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 4.6 (%).Trend:Decrease 36.9% than previous quarter

Overall: decreasing (-55.73%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.51 (USD).Trend:Decrease 136.17% than previous quarter
Year 2020 Quarter 2: Earning Per Share -1.96 (USD).Trend:Increase 284.31% than previous quarter
Year 2020 Quarter 3: Earning Per Share -3.22 (USD).Trend:Increase 64.29% than previous quarter

Overall: decreasing (531.37%). Fluctuation: **Significant** (high variation).



Financial performance in 2020 displays substantial volatility. Liabilities on revenue showed a slight overall decrease, but with significant quarterly changes. Current assets on revenue, conversely, increased significantly across the three quarters. Cost efficiency, reflected by the ratio of retained earnings to revenue, showed a substantial downward trend with highly variable quarterly performance.  Investment efficiency, measured by retained earnings on assets, also decreased considerably. Earnings per share were persistently negative and also significantly declined.  These findings suggest financial instability and substantial operational challenges in 2020.