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 40.6 (%).Trend:Increase 242.04% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 21.13 (%).Trend:Decrease 47.96% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 16.28 (%).Trend:Decrease 22.95% than previous quarter

Overall: decreasing (-59.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 131.23 (%).Trend:Increase 369.85% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 74.89 (%).Trend:Decrease 42.93% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 52.87 (%).Trend:Decrease 29.4% than previous quarter

Overall: decreasing (-59.71%). 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 29.66 (%).Trend:Increase 201.73% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 15.8 (%).Trend:Decrease 46.73% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 9.59 (%).Trend:Decrease 39.3% than previous quarter

Overall: decreasing (-67.67%). 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 10.06 (%).Trend:Decrease 21.77% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 8.79 (%).Trend:Decrease 12.62% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 7.71 (%).Trend:Decrease 12.29% than previous quarter

Overall: decreasing (-23.36%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.48 (USD).Trend:Decrease 206.67% than previous quarter
Year 2020 Quarter 2: Earning Per Share -1.05 (USD).Trend:Increase 118.75% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.39 (USD).Trend:Increase 32.38% than previous quarter

Overall: decreasing (189.58%). Fluctuation: **Significant** (high variation).



Q1-Q3 2020 financial statements indicate significant volatility and decline.  Working capital efficiency, as measured by liabilities and current assets on revenue, decreased substantially.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows a clear downward trend across the three quarters. Investment efficiency, calculated as retained earnings on assets, consistently declined. Earnings per share also show a consistent negative trend.