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 82.38 (%).Trend:Increase 204.77% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 44.75 (%).Trend:Decrease 45.68% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.02 (%).Trend:Decrease 35.15% than previous quarter

Overall: decreasing (-64.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 130.25 (%).Trend:Increase 223.28% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 66.07 (%).Trend:Decrease 49.27% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 48.91 (%).Trend:Decrease 25.97% than previous quarter

Overall: decreasing (-62.45%). 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 -17.35 (%).Trend:Increase 216.61% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -8.92 (%).Trend:Decrease 48.59% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -5.6 (%).Trend:Decrease 37.22% than previous quarter

Overall: increasing (-67.72%). 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 -3.57 (%).Trend:Increase 8.84% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -3.62 (%).Trend:Increase 1.4% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -3.3 (%).Trend:Decrease 8.84% than previous quarter

Overall: increasing (-7.56%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 to Q3 2020 shows significant volatility.  Liabilities on revenue declined overall (-64.77%), while current assets also decreased (-62.45%), suggesting possible changes in working capital management.  Cost efficiency, measured by the retained earnings/revenue ratio, increased (-67.72%), showing an unexpected improvement despite variability.  Investment efficiency (retained earnings on assets) displayed a slight increase, but with significant quarter-to-quarter fluctuations. The high volatility across these metrics indicates a dynamic and potentially unstable financial position.