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 112.35 (%).Trend:Increase 247.4% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 63.14 (%).Trend:Decrease 43.8% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 43.7 (%).Trend:Decrease 30.79% than previous quarter

Overall: decreasing (-61.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 153.41 (%).Trend:Increase 238.21% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 98.6 (%).Trend:Decrease 35.73% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 63.87 (%).Trend:Decrease 35.22% than previous quarter

Overall: decreasing (-58.37%). 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 51.55 (%).Trend:Increase 202.88% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 26.8 (%).Trend:Decrease 48.01% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 14.6 (%).Trend:Decrease 45.52% than previous quarter

Overall: decreasing (-71.68%). 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 11.84 (%).Trend:Decrease 6.25% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 9.54 (%).Trend:Decrease 19.43% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 7.95 (%).Trend:Decrease 16.67% than previous quarter

Overall: decreasing (-32.85%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial statements for Q1 2020 to Q3 2020 demonstrate substantial declines in working capital efficiency and cost efficiency. Liabilities and current assets on revenue decreased substantially (-61.1% and -58.37%, respectively).  Cost efficiency, as measured by the ratio of retained earnings to revenue, fell significantly (-71.68%), signaling possible profitability issues. Invest efficiency (retained earnings on assets) also decreased by 32.85%.