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 119.49 (%).Trend:Increase 181.75% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 16.59 (%).Trend:Decrease 86.12% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 14.02 (%).Trend:Decrease 15.49% than previous quarter

Overall: decreasing (-88.27%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 481.82 (%).Trend:Increase 162.76% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 182.8 (%).Trend:Decrease 62.06% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 141.74 (%).Trend:Decrease 22.46% than previous quarter

Overall: decreasing (-70.58%). 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 -13.61 (%).Trend:Increase 211.44% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 21.48 (%).Trend:Decrease 257.83% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 20.94 (%).Trend:Decrease 2.51% than previous quarter

Overall: increasing (-253.86%). 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 -1.54 (%).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 7.52 (%).Trend:Decrease 588.31% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 9.96 (%).Trend:Increase 32.45% than previous quarter

Overall: increasing (-746.75%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.01 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.32 (USD).Trend:Increase 3100.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.41 (USD).Trend:Increase 28.12% than previous quarter

Overall: increasing (4000.0%). Fluctuation: **Significant** (high variation).



The financial statements for Q1-Q3 2020 reveal significant fluctuations in working capital efficiency. Liabilities on revenue decreased substantially from Q1 to Q3, but subsequently increased in Q3. Current assets on revenue also experienced a dramatic decrease. Cost efficiency analysis shows a highly volatile ratio of retained earnings to revenue, and investment efficiency demonstrates similar volatility in retained earnings on assets. Earnings per share showed a dramatic increase in Q2, followed by a more moderate growth in Q3. These large fluctuations highlight a potential need for further investigation into the underlying drivers of these changes.