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 51.11 (%).Trend:Increase 226.16% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 31.6 (%).Trend:Decrease 38.17% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 18.31 (%).Trend:Decrease 42.06% than previous quarter

Overall: decreasing (-64.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 203.57 (%).Trend:Increase 179.36% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 118.57 (%).Trend:Decrease 41.75% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 85.56 (%).Trend:Decrease 27.84% than previous quarter

Overall: decreasing (-57.97%). 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 -1.63 (%).Trend:Decrease 74.88% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 4.95 (%).Trend:Decrease 403.68% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 11.19 (%).Trend:Increase 126.06% than previous quarter

Overall: increasing (-786.5%). 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 -0.4 (%).Trend:Decrease 91.47% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 2.19 (%).Trend:Decrease 647.5% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 7.25 (%).Trend:Increase 231.05% than previous quarter

Overall: increasing (-1912.5%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 78.57% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.53 (USD).Trend:Increase 194.44% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.27 (USD).Trend:Increase 139.62% than previous quarter

Overall: increasing (605.56%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2020 exhibits highly variable trends. Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue show substantial decreases and increases, with large fluctuations quarter-to-quarter. Retained earnings on assets and earnings per share exhibit significant, but overall increasing, patterns. The financial performance shows volatility that demands deeper analysis for reliable interpretation.