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 260.06 (%).Trend:Increase 197.55% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 134.56 (%).Trend:Decrease 48.26% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 86.75 (%).Trend:Decrease 35.53% than previous quarter

Overall: decreasing (-66.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 268.16 (%).Trend:Increase 192.85% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 157.62 (%).Trend:Decrease 41.22% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 121.34 (%).Trend:Decrease 23.02% than previous quarter

Overall: decreasing (-54.75%). 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 -29.05 (%).Trend:Decrease 23.37% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -12.43 (%).Trend:Decrease 57.21% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -7.66 (%).Trend:Decrease 38.37% than previous quarter

Overall: increasing (-73.63%). 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 -4.91 (%).Trend:Decrease 75.44% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -4.04 (%).Trend:Decrease 17.72% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -3.25 (%).Trend:Decrease 19.55% than previous quarter

Overall: increasing (-33.81%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.25 (USD).Trend:Increase 66.67% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.47 (USD).Trend:Increase 88.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.53 (USD).Trend:Increase 12.77% than previous quarter

Overall: increasing (112.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2020 to Q3 2020 show large fluctuations across various metrics. Working capital efficiency is declining, with liabilities and current assets on revenue decreasing significantly with high volatility. Cost efficiency (retained earnings to revenue) is trending downward with considerable quarter-to-quarter variations, even in negative territory. Investment efficiency also shows an overall negative trend, and earnings per share are increasing with considerable quarter-to-quarter fluctuation.