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 118.88 (%).Trend:Increase 236.1% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 56.56 (%).Trend:Decrease 52.42% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 35.6 (%).Trend:Decrease 37.06% than previous quarter

Overall: decreasing (-70.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 179.74 (%).Trend:Increase 309.06% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 90.54 (%).Trend:Decrease 49.63% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 57.22 (%).Trend:Decrease 36.8% than previous quarter

Overall: decreasing (-68.17%). 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 283.04 (%).Trend:Increase 223.4% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 139.63 (%).Trend:Decrease 50.67% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 92.61 (%).Trend:Decrease 33.67% than previous quarter

Overall: decreasing (-67.28%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.34 (%).Trend:Increase 5.63% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.74 (%).Trend:Increase 4.94% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.65 (%).Trend:Decrease 3.67% than previous quarter

Overall: increasing (1.09%). 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 45.38 (%).Trend:Decrease 2.51% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 44.06 (%).Trend:Decrease 2.91% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 44.65 (%).Trend:Increase 1.34% than previous quarter

Overall: decreasing (-1.61%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.98 (USD).Trend:Decrease 75.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -6.07 (USD).Trend:Decrease 719.39% than previous quarter
Year 2020 Quarter 3: Earning Per Share -5.24 (USD).Trend:Decrease 13.67% than previous quarter

Overall: decreasing (-634.69%). Fluctuation: **Significant** (high variation).



Financial data for Q1 to Q3 2020 displays a pattern of significant fluctuations. Liabilities on revenue decrease substantially with high variation, mirrored in a similar decrease in current assets on revenue.  The ratio of retained earnings to revenue is also significantly declining, while SG&A expense ratio shows a small increase. Investment efficiency shows a slight decrease in retained earnings on assets.  Earnings per share exhibit large negative values and significant variance. The analysis points to a period of substantial financial stress and operational inefficiencies.