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 184.71 (%).Trend:Increase 226.29% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 99.84 (%).Trend:Decrease 45.95% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 59.78 (%).Trend:Decrease 40.12% than previous quarter

Overall: decreasing (-67.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 175.88 (%).Trend:Increase 231.6% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 96.31 (%).Trend:Decrease 45.24% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 61.85 (%).Trend:Decrease 35.78% than previous quarter

Overall: decreasing (-64.83%). 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 -438.72 (%).Trend:Increase 191.64% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -220.82 (%).Trend:Decrease 49.67% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -155.19 (%).Trend:Decrease 29.72% than previous quarter

Overall: increasing (-64.63%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.16 (%).Trend:Decrease 10.06% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.18 (%).Trend:Decrease 2.87% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.4 (%).Trend:Increase 0.66% than previous quarter

Overall: decreasing (-2.22%). 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 -65.98 (%).Trend:Increase 3.73% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -65.05 (%).Trend:Decrease 1.41% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -69.19 (%).Trend:Increase 6.36% than previous quarter

Overall: decreasing (4.87%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q1-Q3 2020 reveals significant fluctuations in key financial metrics. Working capital efficiency metrics (liabilities and current assets on revenue) decreased substantially, suggesting potential issues with cash flow management.  Cost efficiency, as indicated by retained earnings on revenue, improved, but remained negative.  Conversely, SG&A expenses decreased slightly.  Investment efficiency, as measured by retained earnings on assets, also shows significant decline and volatility.