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 147.13 (%).Trend:Increase 218.6% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 103.73 (%).Trend:Decrease 29.5% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 237.34 (%).Trend:Increase 128.81% than previous quarter

Overall: increasing (61.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 252.87 (%).Trend:Increase 224.48% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 138.9 (%).Trend:Decrease 45.07% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 426.39 (%).Trend:Increase 206.98% than previous quarter

Overall: increasing (68.62%). 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 -793.92 (%).Trend:Increase 259.89% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -551.58 (%).Trend:Decrease 30.52% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -848.95 (%).Trend:Increase 53.91% than previous quarter

Overall: decreasing (6.93%). 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 -122.92 (%).Trend:Increase 16.12% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -145.62 (%).Trend:Increase 18.47% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -165.64 (%).Trend:Increase 13.75% than previous quarter

Overall: decreasing (34.75%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 2020 to Q3 2020 reveals substantial fluctuations in working capital efficiency.  Liabilities on revenue and current assets on revenue increased and decreased, respectively, with significant volatility.  Cost efficiency, measured by the ratio of retained earnings to revenue, showed a downward trend with extreme variation. Investment efficiency, reflected in retained earnings on assets, also showed a substantial decline and significant volatility.  Further investigation into the underlying causes of these inconsistencies is crucial.