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 78.01 (%).Trend:Increase 176.93% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 40.8 (%).Trend:Decrease 47.7% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.95 (%).Trend:Decrease 26.59% than previous quarter

Overall: decreasing (-61.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 102.71 (%).Trend:Increase 207.61% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 48.64 (%).Trend:Decrease 52.64% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 35.92 (%).Trend:Decrease 26.15% than previous quarter

Overall: decreasing (-65.03%). 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 104.85 (%).Trend:Increase 238.12% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 55.4 (%).Trend:Decrease 47.16% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 36.5 (%).Trend:Decrease 34.12% than previous quarter

Overall: decreasing (-65.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.65 (%).Trend:Increase 13.75% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.21 (%).Trend:Decrease 4.04% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 32.29 (%).Trend:Decrease 5.61% than previous quarter

Overall: decreasing (-9.42%). 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 35.87 (%).Trend:Increase 4.3% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 37.32 (%).Trend:Increase 4.04% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 36.99 (%).Trend:Decrease 0.88% than previous quarter

Overall: increasing (3.12%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.56 (USD).Trend:Decrease 138.36% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.27 (USD).Trend:Decrease 51.79% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.45 (USD).Trend:Decrease 266.67% than previous quarter

Overall: increasing (-180.36%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2020 show significant declines in working capital efficiency, with substantial fluctuations in both liabilities and current assets on revenue. Cost efficiency, as measured by the ratio of retained earnings to revenue, also decreased substantially. The Selling, General, and Administrative (SG&A) expense ratio, however, showed a consistent, though modest, decrease. Investment efficiency, measured by retained earnings on assets, exhibited a slight increase. Earnings per share were highly volatile, shifting from negative to positive values over the three quarters.