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 78.01 (%).Trend:Increase 176.93% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 40.8 (%).Trend:Decrease 47.7% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.95 (%).Trend:Decrease 26.59% than previous quarter

Overall: decreasing (-61.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 102.71 (%).Trend:Increase 207.61% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 48.64 (%).Trend:Decrease 52.64% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 35.92 (%).Trend:Decrease 26.15% than previous quarter

Overall: decreasing (-65.03%). 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 104.85 (%).Trend:Increase 238.12% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 55.4 (%).Trend:Decrease 47.16% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 36.5 (%).Trend:Decrease 34.12% than previous quarter

Overall: decreasing (-65.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.65 (%).Trend:Increase 13.75% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.21 (%).Trend:Decrease 4.04% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 32.29 (%).Trend:Decrease 5.61% than previous quarter

Overall: decreasing (-9.42%). 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 35.87 (%).Trend:Increase 4.3% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 37.32 (%).Trend:Increase 4.04% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 36.99 (%).Trend:Decrease 0.88% than previous quarter

Overall: increasing (3.12%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.56 (USD).Trend:Decrease 138.36% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.27 (USD).Trend:Decrease 51.79% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.45 (USD).Trend:Decrease 266.67% than previous quarter

Overall: increasing (-180.36%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2020 to Q3 2020 show significant fluctuations in working capital efficiency. Liabilities and current assets on revenue decreased substantially over the three-quarter period.  Cost efficiency, as measured by the ratio of retained earnings to revenue, saw a substantial decrease.  The SG&A expense ratio, however, displayed a modest decrease. Investment efficiency, measured by retained earnings on assets, showed a modest increase. Earnings per share fluctuated dramatically over the period.