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 99.3 (%).Trend:Increase 248.18% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 54.14 (%).Trend:Decrease 45.48% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 35.81 (%).Trend:Decrease 33.86% than previous quarter

Overall: decreasing (-63.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 167.45 (%).Trend:Increase 241.73% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 88.22 (%).Trend:Decrease 47.32% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 59.33 (%).Trend:Decrease 32.75% than previous quarter

Overall: decreasing (-64.57%). 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 11.94 (%).Trend:Increase 181.6% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 2.44 (%).Trend:Decrease 79.56% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 3.64 (%).Trend:Increase 49.18% than previous quarter

Overall: decreasing (-69.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.61 (%).Trend:Increase 47.4% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.81 (%).Trend:Increase 6.36% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.95 (%).Trend:Decrease 18.64% than previous quarter

Overall: decreasing (-13.46%). 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 2.15 (%).Trend:Decrease 29.51% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 0.79 (%).Trend:Decrease 63.26% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 2.04 (%).Trend:Increase 158.23% than previous quarter

Overall: decreasing (-5.12%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.12 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.42 (USD).Trend:Increase 250.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.14 (USD).Trend:Decrease 66.67% than previous quarter

Overall: decreasing (16.67%). Fluctuation: **Significant** (high variation).



Working capital efficiency, measured by liabilities and current assets on revenue, declined significantly during Q1-Q3 2020. Liabilities on revenue decreased from 99.3% in Q1 to 35.81% in Q3. Current assets on revenue decreased from 167.45% to 59.33% over the same period.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also saw a substantial decrease and significant fluctuations.  SG&A expense ratio decreased slightly from Q1 to Q3 2020. Invest efficiency, as shown by retained earnings on assets,  showed a negative trend, yet large fluctuations. Earnings per share remained negative and volatile.