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 show significant fluctuations across key metrics. Liabilities and current assets on revenue decreased significantly (-66.15% and -66.81%, respectively) with high volatility. The ratio of retained earnings to revenue shows an overall increasing trend (-52.01%) but with major fluctuations. SG&A expense ratio increased steadily (17.43%) with low variation. Investment efficiency (retained earnings on assets) and earnings per share decreased significantly (30.14% and 75.76%, respectively) with large fluctuations.