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 146.94 (%).Trend:Increase 319.23% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 103.02 (%).Trend:Decrease 29.89% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 67.5 (%).Trend:Decrease 34.48% than previous quarter

Overall: decreasing (-54.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 181.44 (%).Trend:Increase 360.27% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 234.02 (%).Trend:Increase 28.98% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 204.65 (%).Trend:Decrease 12.55% than previous quarter

Overall: increasing (12.79%). Fluctuation: **Neutral** (moderate 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 -155.13 (%).Trend:Increase 539.98% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -197.63 (%).Trend:Increase 27.4% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -174.33 (%).Trend:Decrease 11.79% than previous quarter

Overall: decreasing (12.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.18 (%).Trend:Increase 114.96% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.51 (%).Trend:Increase 40.85% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.81 (%).Trend:Increase 3.06% than previous quarter

Overall: increasing (45.16%). Fluctuation: **Neutral** (moderate 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 -17.9 (%).Trend:Increase 39.3% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -23.93 (%).Trend:Increase 33.69% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -27.73 (%).Trend:Increase 15.88% than previous quarter

Overall: decreasing (54.92%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 2020 to Q3 2020 reveals substantial volatility.  Working capital efficiency, measured by liabilities and current assets on revenue, showed considerable variation. Cost efficiency, specifically the ratio of retained earnings to revenue, presented substantial negative values, while SG&A expenses increased but with considerable variation. Investment efficiency, as measured by retained earnings on assets, exhibited large downward trends.  The significant volatility across most financial metrics necessitates further investigation into operational and external factors impacting the company's financial health during this time.