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 63.93 (%).Trend:Increase 237.72% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 31.32 (%).Trend:Decrease 51.01% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 19.97 (%).Trend:Decrease 36.24% than previous quarter

Overall: decreasing (-68.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 136.8 (%).Trend:Increase 249.25% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 66.11 (%).Trend:Decrease 51.67% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 47.2 (%).Trend:Decrease 28.6% than previous quarter

Overall: decreasing (-65.5%). 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 -64.22 (%).Trend:Decrease 1106.58% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -38.86 (%).Trend:Decrease 39.49% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -27.07 (%).Trend:Decrease 30.34% than previous quarter

Overall: increasing (-57.85%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.12 (%).Trend:Increase 16.7% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.23 (%).Trend:Decrease 2.69% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.75 (%).Trend:Decrease 4.59% than previous quarter

Overall: decreasing (-7.16%). Fluctuation: **Little** (low 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 -19.31 (%).Trend:Decrease 451.09% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -22.41 (%).Trend:Increase 16.05% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -23.2 (%).Trend:Increase 3.53% than previous quarter

Overall: decreasing (20.15%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -6.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -6.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -7.0 (USD).Trend:Increase 16.67% than previous quarter

Overall: decreasing (16.67%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2020 reveals significant volatility. Liabilities on revenue and current assets on revenue both decreased overall, but with marked quarter-to-quarter fluctuations. The ratio of retained earnings to revenue, though increasing, shows high volatility. The SG&A expense ratio decreased moderately. Investment efficiency (retained earnings on assets) and earnings per share also fluctuate substantially.