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 56.29 (%).Trend:Increase 208.27% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 28.77 (%).Trend:Decrease 48.89% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.4 (%).Trend:Decrease 11.71% than previous quarter

Overall: decreasing (-54.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 238.04 (%).Trend:Increase 255.34% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 147.37 (%).Trend:Decrease 38.09% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 108.51 (%).Trend:Decrease 26.37% than previous quarter

Overall: decreasing (-54.42%). 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 -203.52 (%).Trend:Increase 200.89% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -127.13 (%).Trend:Decrease 37.53% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -83.41 (%).Trend:Decrease 34.39% than previous quarter

Overall: increasing (-59.02%). 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 -46.86 (%).Trend:Decrease 4.39% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -49.61 (%).Trend:Increase 5.87% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -46.85 (%).Trend:Decrease 5.56% than previous quarter

Overall: increasing (-0.02%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.22 (USD).Trend:Decrease 170.97% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.55 (USD).Trend:Increase 150.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.56 (USD).Trend:Increase 1.82% than previous quarter

Overall: decreasing (154.55%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2020 to Q3 2020 indicate substantial volatility in key financial metrics. Working capital efficiency, measured by liabilities and current assets on revenue, decreased noticeably across the three quarters. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a trend of increasing negative values, but with substantial quarter-to-quarter variation.  Investment efficiency, measured by retained earnings on assets, is slightly increasing overall but is highly variable.  Earnings per share are declining across the period, with significant quarter-to-quarter shifts.