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 225.7 (%).Trend:Increase 297.22% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 200.3 (%).Trend:Decrease 11.25% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 150.32 (%).Trend:Decrease 24.95% than previous quarter

Overall: decreasing (-33.4%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 119.59 (%).Trend:Increase 512.65% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 188.02 (%).Trend:Increase 57.22% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 190.75 (%).Trend:Increase 1.45% than previous quarter

Overall: increasing (59.5%). Fluctuation: **Neutral** (moderate 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 132.95 (%).Trend:Increase 301.66% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 56.72 (%).Trend:Decrease 57.34% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 2.49 (%).Trend:Decrease 95.61% than previous quarter

Overall: decreasing (-98.13%). 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 16.62 (%).Trend:Decrease 10.74% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 7.9 (%).Trend:Decrease 52.47% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 0.41 (%).Trend:Decrease 94.81% than previous quarter

Overall: decreasing (-97.53%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.84 (USD).Trend:Decrease 114.97% than previous quarter
Year 2020 Quarter 2: Earning Per Share -9.83 (USD).Trend:Increase 1070.24% than previous quarter
Year 2020 Quarter 3: Earning Per Share -18.3 (USD).Trend:Increase 86.16% than previous quarter

Overall: decreasing (2078.57%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2020 shows a mixed picture.  Working capital efficiency, with liabilities on revenue declining and current assets rising, points to some positive trends.  However, cost efficiency, as indicated by the substantial decrease in the ratio of retained earnings to revenue, and investment efficiency, with declining retained earnings on assets, suggests considerable challenges. Earnings per share are significantly negative and declining.  The fluctuations across these metrics are largely significant.