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 71.16 (%).Trend:Increase 203.32% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 37.03 (%).Trend:Decrease 47.96% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 46.09 (%).Trend:Increase 24.47% than previous quarter

Overall: decreasing (-35.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 144.16 (%).Trend:Increase 219.57% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 71.38 (%).Trend:Decrease 50.49% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 45.48 (%).Trend:Decrease 36.28% than previous quarter

Overall: decreasing (-68.45%). 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 26.91 (%).Trend:Decrease 21.18% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 13.0 (%).Trend:Decrease 51.69% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 10.0 (%).Trend:Decrease 23.08% than previous quarter

Overall: decreasing (-62.84%). 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 6.34 (%).Trend:Decrease 71.4% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 5.67 (%).Trend:Decrease 10.57% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 6.32 (%).Trend:Increase 11.46% than previous quarter

Overall: decreasing (-0.32%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -2.0 (USD).Trend:Decrease 200.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -2.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: stable (-0.0%). Fluctuation: **Significant** (high variation).



Financial data from Q1 to Q3 2020 exhibits significant fluctuation.  Liabilities and current assets on revenue are decreasing substantially.  Cost efficiency, as measured by the ratio of retained earnings to revenue, is also declining. Investment efficiency shows a slight decrease, and earnings per share are consistently negative and stable. The analysis points to a period of substantial financial volatility, particularly regarding working capital and cost efficiency.