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 117.48 (%).Trend:Increase 252.37% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 65.52 (%).Trend:Decrease 44.23% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 42.51 (%).Trend:Decrease 35.12% than previous quarter

Overall: decreasing (-63.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 91.14 (%).Trend:Increase 250.94% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 60.65 (%).Trend:Decrease 33.45% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 36.66 (%).Trend:Decrease 39.55% than previous quarter

Overall: decreasing (-59.78%). 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 756.19 (%).Trend:Increase 247.21% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 471.48 (%).Trend:Decrease 37.65% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 306.94 (%).Trend:Decrease 34.9% than previous quarter

Overall: decreasing (-59.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.68 (%).Trend:Increase 7.83% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.71 (%).Trend:Increase 22.01% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.59 (%).Trend:Decrease 2.1% than previous quarter

Overall: increasing (19.44%). 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 117.18 (%).Trend:Increase 0.41% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 114.01 (%).Trend:Decrease 2.71% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 113.88 (%).Trend:Decrease 0.11% than previous quarter

Overall: decreasing (-2.82%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.14 (USD).Trend:Decrease 106.9% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.4 (USD).Trend:Increase 185.71% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.55 (USD).Trend:Increase 37.5% than previous quarter

Overall: decreasing (292.86%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2020 shows a mixed picture. Working capital efficiency, reflected by decreasing liabilities on revenue (-63.82%) and current assets on revenue (-59.78%), indicates potential improvements in managing short-term assets and liabilities. Cost efficiency, as measured by a decreasing ratio of retained earnings to revenue (-59.41%), suggests decreasing profitability.  However, the SG&A expense ratio exhibits a small increase (19.44%).  Investment efficiency shows a small, but continuous decrease (-2.82%) in retained earning on assets. Earnings per share, however, show a large negative trend (-0.14 USD to -0.55 USD) across the period.