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 148.27 (%).Trend:Increase 257.71% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 81.93 (%).Trend:Decrease 44.74% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 61.39 (%).Trend:Decrease 25.07% than previous quarter

Overall: decreasing (-58.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 141.36 (%).Trend:Increase 376.6% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 50.5 (%).Trend:Decrease 64.28% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 27.87 (%).Trend:Decrease 44.81% than previous quarter

Overall: decreasing (-80.28%). 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 62.32 (%).Trend:Increase 26.18% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -146.18 (%).Trend:Decrease 334.56% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -153.1 (%).Trend:Increase 4.73% than previous quarter

Overall: decreasing (-345.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.68 (%).Trend:Increase 12.13% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.4 (%).Trend:Increase 26.87% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.2 (%).Trend:Decrease 5.88% than previous quarter

Overall: increasing (19.4%). Fluctuation: **Neutral** (moderate 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 2.39 (%).Trend:Decrease 59.97% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -9.31 (%).Trend:Decrease 489.54% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -16.34 (%).Trend:Increase 75.51% than previous quarter

Overall: decreasing (-783.68%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -1.72 (USD).Trend:Decrease 138.74% than previous quarter
Year 2020 Quarter 2: Earning Per Share -16.86 (USD).Trend:Increase 880.23% than previous quarter
Year 2020 Quarter 3: Earning Per Share -23.91 (USD).Trend:Increase 41.81% than previous quarter

Overall: decreasing (1290.12%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2020 to Q3 2020 reveals exceptionally volatile financial performance. Liabilities and current assets on revenue show significant decreases (-58.6% and -80.28%, respectively), suggesting potential liquidity problems. Cost efficiency (ratio of retained earnings to revenue) shows a considerable decrease (-345.67%), while investment efficiency (-783.68%) and earnings per share (1290.12%) also experienced substantial declines.