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 268.18 (%).Trend:Increase 200.65% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 185.95 (%).Trend:Decrease 30.66% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 91.6 (%).Trend:Decrease 50.74% than previous quarter

Overall: decreasing (-65.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 172.42 (%).Trend:Increase 156.39% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 81.61 (%).Trend:Decrease 52.67% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 46.5 (%).Trend:Decrease 43.02% than previous quarter

Overall: decreasing (-73.03%). 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 -64.29 (%).Trend:Increase 815.81% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -82.96 (%).Trend:Increase 29.04% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -51.64 (%).Trend:Decrease 37.75% than previous quarter

Overall: increasing (-19.68%). 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 -8.26 (%).Trend:Increase 229.08% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -21.77 (%).Trend:Increase 163.56% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -20.32 (%).Trend:Decrease 6.66% than previous quarter

Overall: decreasing (146.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.25 (USD).Trend:Decrease 43.18% than previous quarter
Year 2020 Quarter 2: Earning Per Share -3.72 (USD).Trend:Decrease 1588.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -3.35 (USD).Trend:Decrease 9.95% than previous quarter

Overall: decreasing (-1440.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2020 reveal highly volatile financial performance.  Working capital metrics (liabilities and current assets on revenue) display substantial, and concerning, fluctuations. Cost efficiency, as measured by the retained earnings-to-revenue ratio, shows notable fluctuations, initially increasing, then decreasing. Investment efficiency exhibits a considerable, negative trend in retained earnings on assets, with significant volatility. Earnings per share also display significant, negative variations, highlighting a period of significant instability.