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 110.45 (%).Trend:Increase 330.6% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 107.88 (%).Trend:Decrease 2.33% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 106.09 (%).Trend:Decrease 1.66% than previous quarter

Overall: decreasing (-3.95%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 108.1 (%).Trend:Increase 353.25% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 134.77 (%).Trend:Increase 24.67% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 167.33 (%).Trend:Increase 24.16% than previous quarter

Overall: increasing (54.79%). 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 107.64 (%).Trend:Increase 258.68% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 75.06 (%).Trend:Decrease 30.27% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 45.44 (%).Trend:Decrease 39.46% than previous quarter

Overall: decreasing (-57.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 10.39 (%).Trend:Decrease 20.14% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 7.29 (%).Trend:Decrease 29.84% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 4.6 (%).Trend:Decrease 36.9% than previous quarter

Overall: decreasing (-55.73%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.51 (USD).Trend:Decrease 136.17% than previous quarter
Year 2020 Quarter 2: Earning Per Share -1.96 (USD).Trend:Increase 284.31% than previous quarter
Year 2020 Quarter 3: Earning Per Share -3.22 (USD).Trend:Increase 64.29% than previous quarter

Overall: decreasing (531.37%). Fluctuation: **Significant** (high variation).



Financial performance in 2020 reveals significant volatility across key metrics.  Liabilities on revenue decreased slightly, but with considerable fluctuation throughout the three quarters. Current assets on revenue showed a marked increase, though also with noticeable variability. Cost efficiency, as measured by the ratio of retained earnings to revenue, declined substantially, experiencing notable quarterly changes. Investment efficiency, gauged by retained earnings on assets, also decreased significantly. Earnings per share were consistently negative and declined significantly.  These results suggest a period of significant financial instability and potential operational challenges.