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 66.83 (%).Trend:Increase 198.35% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 35.39 (%).Trend:Decrease 47.04% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.32 (%).Trend:Decrease 31.28% than previous quarter

Overall: decreasing (-63.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 108.3 (%).Trend:Increase 218.62% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 61.58 (%).Trend:Decrease 43.14% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 43.7 (%).Trend:Decrease 29.04% than previous quarter

Overall: decreasing (-59.65%). 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 85.77 (%).Trend:Increase 181.4% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 50.21 (%).Trend:Decrease 41.46% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 34.8 (%).Trend:Decrease 30.69% than previous quarter

Overall: decreasing (-59.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.41 (%).Trend:Increase 4.88% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.78 (%).Trend:Increase 2.13% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.05 (%).Trend:Increase 1.52% than previous quarter

Overall: increasing (3.68%). 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 47.82 (%).Trend:Decrease 3.3% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 48.42 (%).Trend:Increase 1.25% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 47.64 (%).Trend:Decrease 1.61% than previous quarter

Overall: decreasing (-0.38%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -3.91 (USD).Trend:Decrease 261.57% than previous quarter
Year 2020 Quarter 2: Earning Per Share -2.86 (USD).Trend:Decrease 26.85% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.43 (USD).Trend:Decrease 15.03% than previous quarter

Overall: increasing (-37.85%). Fluctuation: **Significant** (high variation).



Q1-Q3 2020 financial statements show a concerning overall picture. Liabilities and current assets relative to revenue are decreasing, indicating potential liquidity problems and a shrinking revenue base. Cost efficiency (retained earnings/revenue, SG&A) trends are significantly negative. Investment efficiency shows little change. Earnings per share are consistently negative, reflecting significant financial loss.  The company appears to be facing significant challenges across multiple financial areas.