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 50.43 (%).Trend:Increase 226.2% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 31.53 (%).Trend:Decrease 37.48% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 22.03 (%).Trend:Decrease 30.13% than previous quarter

Overall: decreasing (-56.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 56.06 (%).Trend:Increase 180.58% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 39.32 (%).Trend:Decrease 29.86% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 26.87 (%).Trend:Decrease 31.66% than previous quarter

Overall: decreasing (-52.07%). 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 91.81 (%).Trend:Increase 230.25% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 58.6 (%).Trend:Decrease 36.17% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 36.54 (%).Trend:Decrease 37.65% than previous quarter

Overall: decreasing (-60.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.53 (%).Trend:Increase 0.66% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.29 (%).Trend:Increase 49.67% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.33 (%).Trend:Increase 1.75% than previous quarter

Overall: increasing (52.29%). Fluctuation: **Neutral** (moderate 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 35.85 (%).Trend:Decrease 3.08% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 34.17 (%).Trend:Decrease 4.69% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 32.12 (%).Trend:Decrease 6.0% than previous quarter

Overall: decreasing (-10.4%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -5.66 (USD).Trend:Decrease 209.9% than previous quarter
Year 2020 Quarter 2: Earning Per Share -6.0 (USD).Trend:Increase 6.01% than previous quarter
Year 2020 Quarter 3: Earning Per Share -7.83 (USD).Trend:Increase 30.5% than previous quarter

Overall: decreasing (38.34%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2020 show significant fluctuations. Working capital efficiency is declining, with liabilities on revenue decreasing from 50.43% to 22.03% and current assets declining from 56.06% to 26.87%. Cost efficiency, as measured by the ratio of retained earnings to revenue, is also declining. SG&A expenses are steadily rising.  Invest efficiency shows low fluctuation in retained earnings on assets, but consistently decreases.  Earning per share demonstrates a substantial decline from a negative value in Q1 to a more negative value in Q3.