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 83.11 (%).Trend:Increase 227.59% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 51.1 (%).Trend:Decrease 38.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 35.58 (%).Trend:Decrease 30.37% than previous quarter

Overall: decreasing (-57.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 56.77 (%).Trend:Increase 736.08% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 20.64 (%).Trend:Decrease 63.64% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 12.65 (%).Trend:Decrease 38.71% than previous quarter

Overall: decreasing (-77.72%). 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 -78.74 (%).Trend:Increase 213.46% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -55.85 (%).Trend:Decrease 29.07% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -38.33 (%).Trend:Decrease 31.37% than previous quarter

Overall: increasing (-51.32%). 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 -21.08 (%).Trend:Decrease 6.6% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -25.81 (%).Trend:Increase 22.44% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -26.84 (%).Trend:Increase 3.99% than previous quarter

Overall: decreasing (27.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.44 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -1.49 (USD).Trend:Increase 238.64% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.69 (USD).Trend:Increase 13.42% than previous quarter

Overall: decreasing (284.09%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2020 to Q3 2020 reveal significant fluctuations in working capital efficiency. Liabilities on revenue decreased by 57.19% but with high quarter-to-quarter variation.  Current assets on revenue also decreased by 77.72% with similarly significant fluctuations. Cost efficiency shows a counter-intuitive increase in the ratio of retained earnings to revenue, though still negative, decreasing by 51.32% overall but with considerable variation. Investment efficiency shows a consistent decrease in retained earnings on assets, decreasing by 27.32%. Earnings per share decreased significantly by 284.09%, also with substantial volatility.  Overall, the financial performance during this period exhibited substantial volatility and downward trends in key metrics.