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 69.85 (%).Trend:Increase 203.43% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 35.52 (%).Trend:Decrease 49.15% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.22 (%).Trend:Decrease 31.81% than previous quarter

Overall: decreasing (-65.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 143.79 (%).Trend:Increase 183.55% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 74.35 (%).Trend:Decrease 48.29% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 92.57 (%).Trend:Increase 24.51% than previous quarter

Overall: decreasing (-35.62%). 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 2.06 (%).Trend:Increase 27.95% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 2.75 (%).Trend:Increase 33.5% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 2.18 (%).Trend:Decrease 20.73% than previous quarter

Overall: increasing (5.83%). Fluctuation: **Neutral** (moderate 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 0.37 (%).Trend:Decrease 55.42% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 1.03 (%).Trend:Increase 178.38% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 1.0 (%).Trend:Decrease 2.91% than previous quarter

Overall: increasing (170.27%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.02 (USD).Trend:Decrease 128.57% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.01 (USD).Trend:Decrease 150.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.02 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (-200.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2020 highlights significant volatility.  Working capital efficiency shows a notable and concerning decline in both liabilities and current assets on revenue.  Cost efficiency, indicated by the ratio of retained earnings to revenue, displays a positive trend but with moderate variation.  Investment efficiency demonstrates a marked increase in retained earnings on assets despite considerable fluctuations.  Earnings per share exhibit a concerning and highly volatile pattern, suggesting a lack of consistent profitability.