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 236.74 (%).Trend:Increase 137.93% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 106.37 (%).Trend:Decrease 55.07% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 36.57 (%).Trend:Decrease 65.62% than previous quarter

Overall: decreasing (-84.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 634.7 (%).Trend:Increase 232.27% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 287.07 (%).Trend:Decrease 54.77% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 180.23 (%).Trend:Decrease 37.22% than previous quarter

Overall: decreasing (-71.6%). 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 -5727.15 (%).Trend:Increase 217.94% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -2907.67 (%).Trend:Decrease 49.23% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -2125.03 (%).Trend:Decrease 26.92% than previous quarter

Overall: increasing (-62.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 77.14 (%).Trend:Decrease 20.4% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 69.29 (%).Trend:Decrease 10.18% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 76.4 (%).Trend:Increase 10.26% than previous quarter

Overall: decreasing (-0.96%). 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 -422.28 (%).Trend:Increase 72.17% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -484.42 (%).Trend:Increase 14.72% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -529.98 (%).Trend:Increase 9.41% than previous quarter

Overall: decreasing (25.5%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q1 2020 to Q3 2020 displays significant variations. Liabilities on revenue decreased by 84.55%, and current assets on revenue decreased by 71.6%. However, the ratio of retained earnings to revenue improved by -62.9%.  In contrast, SG&A expenses remained relatively stable (-0.96%). Retained earnings on assets decreased significantly by 25.5%.  This underscores the necessity for a thorough examination of the underlying factors driving these changes.