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 115.85 (%).Trend:Increase 311.11% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 48.69 (%).Trend:Decrease 57.97% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 38.07 (%).Trend:Decrease 21.81% than previous quarter

Overall: decreasing (-67.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 195.49 (%).Trend:Increase 389.09% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 111.99 (%).Trend:Decrease 42.71% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 65.61 (%).Trend:Decrease 41.41% than previous quarter

Overall: decreasing (-66.44%). 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 6.3 (%).Trend:Decrease 47.8% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -9.96 (%).Trend:Decrease 258.1% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -10.37 (%).Trend:Increase 4.12% than previous quarter

Overall: decreasing (-264.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.0 (%).Trend:Increase 35.75% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.05 (%).Trend:Increase 1.67% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.08 (%).Trend:Increase 0.98% than previous quarter

Overall: increasing (2.67%). 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 1.22 (%).Trend:Decrease 89.09% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -3.49 (%).Trend:Decrease 386.07% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -5.72 (%).Trend:Increase 63.9% than previous quarter

Overall: decreasing (-568.85%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -2.3 (USD).Trend:Decrease 1145.45% than previous quarter
Year 2020 Quarter 2: Earning Per Share -5.67 (USD).Trend:Increase 146.52% than previous quarter
Year 2020 Quarter 3: Earning Per Share -6.43 (USD).Trend:Increase 13.4% than previous quarter

Overall: decreasing (179.57%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2020 to Q3 2020 depict a precarious financial position with significant and negative trends.  Working capital efficiency declined markedly due to decreases in current assets and revenue liabilities.  Cost efficiency showed a large decrease in retained earnings ratio.  Invest efficiency showed massive negative growth, and earning per share also declined significantly, exhibiting substantial volatility.