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 142.38 (%).Trend:Increase 479.02% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 69.64 (%).Trend:Decrease 51.09% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 47.59 (%).Trend:Decrease 31.66% than previous quarter

Overall: decreasing (-66.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 248.98 (%).Trend:Increase 702.64% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 118.11 (%).Trend:Decrease 52.56% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 78.68 (%).Trend:Decrease 33.38% than previous quarter

Overall: decreasing (-68.4%). 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 97.39 (%).Trend:Increase 399.44% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 40.13 (%).Trend:Decrease 58.79% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 23.52 (%).Trend:Decrease 41.39% than previous quarter

Overall: decreasing (-75.85%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.54 (%).Trend:Increase 49.37% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.65 (%).Trend:Decrease 8.39% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.89 (%).Trend:Increase 6.0% than previous quarter

Overall: decreasing (-2.88%). 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 16.73 (%).Trend:Decrease 30.52% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 16.04 (%).Trend:Decrease 4.12% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 15.49 (%).Trend:Decrease 3.43% than previous quarter

Overall: decreasing (-7.41%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.87 (USD).Trend:Decrease 125.97% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.81 (USD).Trend:Decrease 6.9% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.43 (USD).Trend:Decrease 46.91% than previous quarter

Overall: increasing (-50.57%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2020 data shows substantial volatility in working capital efficiency, with liabilities on revenue and current assets on revenue decreasing by 66.58% and 68.4% respectively, despite initial substantial increases.  Cost efficiency metrics also display significant fluctuation. The ratio of retained earnings to revenue decreased by 75.85%, while SG&A expense remained relatively stable.  Investment efficiency, measured by retained earnings on assets, showed a minor decline. Earning per share showed significant improvement, although starting from a negative value.