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 178.04 (%).Trend:Increase 330.46% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 150.36 (%).Trend:Decrease 15.55% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 113.76 (%).Trend:Decrease 24.34% than previous quarter

Overall: decreasing (-36.1%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 122.77 (%).Trend:Increase 351.03% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 118.39 (%).Trend:Decrease 3.57% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 120.74 (%).Trend:Increase 1.98% than previous quarter

Overall: decreasing (-1.65%). Fluctuation: **Little** (low 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 231.79 (%).Trend:Increase 275.31% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 169.42 (%).Trend:Decrease 26.91% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 113.87 (%).Trend:Decrease 32.79% than previous quarter

Overall: decreasing (-50.87%). 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 36.34 (%).Trend:Decrease 5.56% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 33.16 (%).Trend:Decrease 8.75% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 28.55 (%).Trend:Decrease 13.9% than previous quarter

Overall: decreasing (-21.44%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -1.0 (USD).Trend:Decrease 125.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 200.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -7.0 (USD).Trend:Increase 133.33% than previous quarter

Overall: decreasing (600.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2020 reveal declining trends across various metrics. Liabilities on revenue decreased by 36.1%, while current assets on revenue decreased by 1.65%.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a substantial decrease (-50.87%), indicating potential operational challenges.  Investment efficiency, represented by retained earnings on assets, also decreased by 21.44%, suggesting a decline in asset productivity.  Earnings per share remain negative and show a significant (600%) decrease, highlighting a substantial loss.