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 101.41 (%).Trend:Increase 242.49% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 50.1 (%).Trend:Decrease 50.6% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 34.33 (%).Trend:Decrease 31.48% than previous quarter

Overall: decreasing (-66.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 381.24 (%).Trend:Increase 316.61% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 212.83 (%).Trend:Decrease 44.17% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 126.52 (%).Trend:Decrease 40.55% than previous quarter

Overall: decreasing (-66.81%). 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 -296.72 (%).Trend:Increase 357.41% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -184.99 (%).Trend:Decrease 37.66% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -142.41 (%).Trend:Decrease 23.02% than previous quarter

Overall: increasing (-52.01%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.94 (%).Trend:Increase 27.62% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.67 (%).Trend:Increase 11.32% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.68 (%).Trend:Increase 5.48% than previous quarter

Overall: increasing (17.43%). 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 -47.31 (%).Trend:Increase 15.56% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -51.31 (%).Trend:Increase 8.45% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -61.57 (%).Trend:Increase 20.0% than previous quarter

Overall: decreasing (30.14%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.33 (USD).Trend:Decrease 93.45% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.38 (USD).Trend:Increase 15.15% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.58 (USD).Trend:Increase 52.63% than previous quarter

Overall: decreasing (75.76%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2020 depict a period of significant financial volatility. Working capital, both liabilities and current assets, decreased substantially with high variation. Retained earnings on assets and earnings per share showed substantial declines, and all metrics except SG&A expense ratio showed significant fluctuations. SG&A expense ratio showed modest growth with little variation.