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 2404.5 (%).Trend:Increase 870.69% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 1623.14 (%).Trend:Decrease 32.5% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 1309.52 (%).Trend:Decrease 19.32% than previous quarter

Overall: decreasing (-45.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 1123.42 (%).Trend:Increase 527.61% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 2839.67 (%).Trend:Increase 152.77% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 805.44 (%).Trend:Decrease 71.64% than previous quarter

Overall: decreasing (-28.3%). 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 -6947.75 (%).Trend:Increase 647.87% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -6647.93 (%).Trend:Decrease 4.32% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -5715.65 (%).Trend:Decrease 14.02% than previous quarter

Overall: increasing (-17.73%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 157.66 (%).Trend:Increase 141.48% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 135.54 (%).Trend:Decrease 14.03% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 104.76 (%).Trend:Decrease 22.71% than previous quarter

Overall: decreasing (-33.55%). 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 -19.97 (%).Trend:Increase 17.75% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -19.67 (%).Trend:Decrease 1.5% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -21.66 (%).Trend:Increase 10.12% than previous quarter

Overall: decreasing (8.46%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 75.48% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.41 (USD).Trend:Increase 7.89% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.38 (USD).Trend:Decrease 7.32% than previous quarter

Overall: stable (0.0%). Fluctuation: **Little** (low variation).



Financial statements from Q1 2020 to Q3 2020 exhibit substantial fluctuations. Liabilities on revenue and current assets on revenue show decreasing trends with large swings.  The ratio of retained earnings to revenue demonstrates a positive but volatile increase. The SG&A expense ratio demonstrates a decrease.  Retained earnings on assets are decreasing, while earnings per share remain relatively stable.  Detailed analysis of individual factors is crucial to understand these trends and potential implications for the business.