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 76.35 (%).Trend:Increase 238.58% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 34.28 (%).Trend:Decrease 55.1% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.12 (%).Trend:Decrease 29.64% than previous quarter

Overall: decreasing (-68.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 80.42 (%).Trend:Increase 287.01% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 35.72 (%).Trend:Decrease 55.58% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 24.75 (%).Trend:Decrease 30.71% than previous quarter

Overall: decreasing (-69.22%). 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 -20.67 (%).Trend:Increase 1054.75% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -36.9 (%).Trend:Increase 78.52% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -26.25 (%).Trend:Decrease 28.86% than previous quarter

Overall: decreasing (27.0%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.53 (%).Trend:Decrease 2.84% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.64 (%).Trend:Decrease 2.82% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.32 (%).Trend:Decrease 1.04% than previous quarter

Overall: decreasing (-3.84%). Fluctuation: **Little** (low 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 -5.01 (%).Trend:Increase 252.82% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -18.96 (%).Trend:Increase 278.44% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -20.04 (%).Trend:Increase 5.7% than previous quarter

Overall: decreasing (300.0%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q1 2020 to Q3 2020 reveal a pattern of significant fluctuations in almost all financial metrics. Working capital efficiency shows substantial decreases in both liabilities and current assets on revenue, with high volatility. Cost efficiency, as measured by the retained earnings-to-revenue ratio, also displays a significant negative trend and large variations, suggesting instability in operations.  Selling, general, and administrative (SG&A) expenses are decreasing, but with minimal fluctuations, implying relative stability in operating costs. Investment efficiency, as measured by retained earnings on assets, shows substantial declines with high variability.  Earning per share data is missing, making a complete assessment difficult.  These results point to a need for immediate financial review and corrective action to address the downward trends.