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 148.85 (%).Trend:Increase 253.56% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 75.27 (%).Trend:Decrease 49.43% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 46.08 (%).Trend:Decrease 38.78% than previous quarter

Overall: decreasing (-69.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 169.04 (%).Trend:Increase 238.42% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 83.47 (%).Trend:Decrease 50.62% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 53.87 (%).Trend:Decrease 35.46% than previous quarter

Overall: decreasing (-68.13%). 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 1.44 (%).Trend:Increase 12.5% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -2.67 (%).Trend:Decrease 285.42% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 0.45 (%).Trend:Decrease 116.85% than previous quarter

Overall: decreasing (-68.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.2 (%).Trend:Increase 9.67% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.28 (%).Trend:Increase 5.09% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.48 (%).Trend:Decrease 8.08% than previous quarter

Overall: decreasing (-3.4%). 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 0.32 (%).Trend:Decrease 65.22% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -1.14 (%).Trend:Decrease 456.25% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 0.3 (%).Trend:Decrease 126.32% than previous quarter

Overall: decreasing (-6.25%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.17 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.79 (USD).Trend:Increase 364.71% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.18 (USD).Trend:Decrease 77.22% than previous quarter

Overall: decreasing (5.88%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation. Liabilities on revenue increased drastically in Q1 2020, then decreased substantially in Q2 and Q3. Current assets on revenue also show a similar pattern, increasing dramatically in Q1, then declining in Q2 and Q3.  Cost efficiency shows a more stable pattern with SG&A expense ratio decreasing slightly overall. However, the ratio of retained earnings to revenue shows extremely high fluctuation, decreasing significantly across the three quarters.  Investment efficiency shows a significant downward trend in retained earnings on assets across the quarters. Earnings per share are also negative and fluctuate greatly.  Overall, the financial performance in Q1-Q3 2020 is characterized by significant volatility and negative trends in most areas.