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 72.69 (%).Trend:Increase 253.89% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 38.74 (%).Trend:Decrease 46.71% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 32.22 (%).Trend:Decrease 16.83% than previous quarter

Overall: decreasing (-55.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 249.71 (%).Trend:Increase 392.23% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 107.75 (%).Trend:Decrease 56.85% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 71.07 (%).Trend:Decrease 34.04% than previous quarter

Overall: decreasing (-71.54%). 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 -7.73 (%).Trend:Decrease 7127.27% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -8.46 (%).Trend:Increase 9.44% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -0.87 (%).Trend:Decrease 89.72% than previous quarter

Overall: increasing (-88.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 37.85 (%).Trend:Increase 20.31% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 40.65 (%).Trend:Increase 7.4% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 36.32 (%).Trend:Decrease 10.65% than previous quarter

Overall: decreasing (-4.04%). 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 -2.05 (%).Trend:Decrease 1676.92% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -4.59 (%).Trend:Increase 123.9% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -0.75 (%).Trend:Decrease 83.66% than previous quarter

Overall: increasing (-63.41%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.05 (USD).Trend:Decrease 104.17% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.63 (USD).Trend:Increase 1160.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.44 (USD).Trend:Decrease 169.84% than previous quarter

Overall: increasing (-980.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2020 to Q3 2020 reveals a volatile financial performance. Liabilities on revenue showed a decrease but with significant swings between quarters.  Current assets on revenue exhibited a negative trend. Cost efficiency, measured by the ratio of retained earnings to revenue, displayed a negative overall trend despite significant variation.  Investment efficiency reveals a decreasing retained earning on assets trend. Earnings per share fluctuated dramatically, highlighting the period's instability.