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 122.95 (%).Trend:Increase 298.03% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 30.45 (%).Trend:Decrease 75.23% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.23 (%).Trend:Decrease 20.43% than previous quarter

Overall: decreasing (-80.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 297.0 (%).Trend:Increase 348.3% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 118.48 (%).Trend:Decrease 60.11% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 77.23 (%).Trend:Decrease 34.82% than previous quarter

Overall: decreasing (-74.0%). 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 210.61 (%).Trend:Increase 457.32% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 17.7 (%).Trend:Decrease 91.6% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 11.2 (%).Trend:Decrease 36.72% than previous quarter

Overall: decreasing (-94.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.15 (%).Trend:Increase 96.48% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.47 (%).Trend:Decrease 34.51% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.73 (%).Trend:Decrease 10.56% than previous quarter

Overall: decreasing (-41.43%). Fluctuation: **Significant** (high 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 20.74 (%).Trend:Increase 2.27% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 5.7 (%).Trend:Decrease 72.52% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.9 (%).Trend:Increase 3.51% than previous quarter

Overall: decreasing (-71.55%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.44 (USD).Trend:Decrease 126.99% than previous quarter
Year 2020 Quarter 2: Earning Per Share -5.0 (USD).Trend:Increase 1036.36% than previous quarter
Year 2020 Quarter 3: Earning Per Share -4.6 (USD).Trend:Decrease 8.0% than previous quarter

Overall: decreasing (945.45%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2020 shows considerable instability and negative trends across most financial indicators. Working capital efficiency (liabilities and current assets on revenue) decreased significantly with high quarter-to-quarter variation.  Cost efficiency, measured by the ratio of retained earnings to revenue, saw a sharp decline with substantial volatility.  Investment efficiency also decreased significantly, while earnings per share (EPS) had a substantial negative trend. The data points to significant challenges and instability during this period.