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 99.3 (%).Trend:Increase 248.18% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 54.14 (%).Trend:Decrease 45.48% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 35.81 (%).Trend:Decrease 33.86% than previous quarter

Overall: decreasing (-63.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 167.45 (%).Trend:Increase 241.73% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 88.22 (%).Trend:Decrease 47.32% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 59.33 (%).Trend:Decrease 32.75% than previous quarter

Overall: decreasing (-64.57%). 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 11.94 (%).Trend:Increase 181.6% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 2.44 (%).Trend:Decrease 79.56% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 3.64 (%).Trend:Increase 49.18% than previous quarter

Overall: decreasing (-69.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.61 (%).Trend:Increase 47.4% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.81 (%).Trend:Increase 6.36% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.95 (%).Trend:Decrease 18.64% than previous quarter

Overall: decreasing (-13.46%). 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 2.15 (%).Trend:Decrease 29.51% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 0.79 (%).Trend:Decrease 63.26% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 2.04 (%).Trend:Increase 158.23% than previous quarter

Overall: decreasing (-5.12%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.12 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.42 (USD).Trend:Increase 250.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.14 (USD).Trend:Decrease 66.67% than previous quarter

Overall: decreasing (16.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2020 reveal significant fluctuations across key metrics.  Working capital efficiency, as measured by liabilities and current assets relative to revenue, decreased substantially.  Cost efficiency, specifically the retained earnings to revenue ratio, exhibited a steep decline and high variability.  SG&A expense ratio showed a modest decrease, less volatile than other metrics.  Investment efficiency, measured by retained earnings on assets, also showed a negative trend with large fluctuations. Finally, earnings per share were consistently negative and significantly volatile.