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 168.89 (%).Trend:Increase 216.21% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 94.43 (%).Trend:Decrease 44.09% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 73.85 (%).Trend:Decrease 21.79% than previous quarter

Overall: decreasing (-56.27%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 197.82 (%).Trend:Increase 566.06% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 85.35 (%).Trend:Decrease 56.85% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 48.3 (%).Trend:Decrease 43.41% than previous quarter

Overall: decreasing (-75.58%). 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 553.91 (%).Trend:Increase 187.42% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 296.28 (%).Trend:Decrease 46.51% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 187.63 (%).Trend:Decrease 36.67% than previous quarter

Overall: decreasing (-66.13%). 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 19.24 (%).Trend:Decrease 20.36% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 17.97 (%).Trend:Decrease 6.6% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 15.87 (%).Trend:Decrease 11.69% than previous quarter

Overall: decreasing (-17.52%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -1.76 (USD).Trend:Decrease 274.26% than previous quarter
Year 2020 Quarter 2: Earning Per Share -2.54 (USD).Trend:Increase 44.32% than previous quarter
Year 2020 Quarter 3: Earning Per Share -3.56 (USD).Trend:Increase 40.16% than previous quarter

Overall: decreasing (102.27%). Fluctuation: **Significant** (high variation).



Analyzing Q1 to Q3 2020, working capital efficiency demonstrates significant decreases in liabilities and current assets on revenue. Cost efficiency (ratio of retained earnings to revenue) shows substantial decreases throughout the period. Investment efficiency (retained earnings on assets) declines slightly. Earnings per share decline overall.  The data highlight a period of significant volatility and potential need for corrective action.