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 87.65 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 25.34 (%).Trend:Decrease 71.09% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 20.98 (%).Trend:Decrease 17.21% than previous quarter

Overall: decreasing (-76.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 79.88 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 24.08 (%).Trend:Decrease 69.85% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 19.75 (%).Trend:Decrease 17.98% than previous quarter

Overall: decreasing (-75.28%). 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 -8.15 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -10.3 (%).Trend:Increase 26.38% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -10.05 (%).Trend:Decrease 2.43% than previous quarter

Overall: decreasing (23.31%). 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 -2.23 (%).Trend:Decrease 7.08% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -4.64 (%).Trend:Increase 108.07% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -6.09 (%).Trend:Increase 31.25% than previous quarter

Overall: decreasing (173.09%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q1 2020 to Q3 2020 shows significant decreases in working capital efficiency, as reflected in liabilities and current assets on revenue. The ratio of retained earnings to revenue also declines, though with some fluctuation.  Investment efficiency, measured by retained earnings on assets, also experiences a considerable decrease with fluctuating trends.  The data indicates potential areas needing further investigation.