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 76.39 (%).Trend:Increase 359.07% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 62.16 (%).Trend:Decrease 18.63% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 43.45 (%).Trend:Decrease 30.1% than previous quarter

Overall: decreasing (-43.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 246.27 (%).Trend:Increase 337.35% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 150.59 (%).Trend:Decrease 38.85% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 88.64 (%).Trend:Decrease 41.14% than previous quarter

Overall: decreasing (-64.01%). 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 -414.46 (%).Trend:Increase 2333.71% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -305.7 (%).Trend:Decrease 26.24% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -211.84 (%).Trend:Decrease 30.7% than previous quarter

Overall: increasing (-48.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.96 (%).Trend:Increase 17.82% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 49.66 (%).Trend:Increase 136.93% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.66 (%).Trend:Decrease 22.15% than previous quarter

Overall: increasing (84.45%). 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 -90.96 (%).Trend:Increase 689.58% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -85.72 (%).Trend:Decrease 5.76% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -101.28 (%).Trend:Increase 18.15% than previous quarter

Overall: decreasing (11.35%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -10.52 (USD).Trend:Increase 224.69% than previous quarter
Year 2020 Quarter 2: Earning Per Share -55.0 (USD).Trend:Increase 422.81% than previous quarter
Year 2020 Quarter 3: Earning Per Share -50.26 (USD).Trend:Decrease 8.62% than previous quarter

Overall: decreasing (377.76%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2020 reveal a volatile period. Liabilities on revenue decreased significantly (-43.12%), and current assets showed an even sharper drop (-64.01%). Cost efficiency, however, saw an overall increase in SG&A expense ratio (84.45%) but with considerable quarterly fluctuation. Retained earnings to revenue trended upward (-48.89%), but exhibited significant quarter-to-quarter variation. Investment efficiency decreased (11.35%), and earnings per share decreased substantially (377.76%).