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 181.08 (%).Trend:Increase 427.78% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 58.4 (%).Trend:Decrease 67.75% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 45.02 (%).Trend:Decrease 22.91% than previous quarter

Overall: decreasing (-75.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 285.23 (%).Trend:Increase 428.4% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 90.99 (%).Trend:Decrease 68.1% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 64.54 (%).Trend:Decrease 29.07% than previous quarter

Overall: decreasing (-77.37%). 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 192.29 (%).Trend:Increase 582.85% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 66.33 (%).Trend:Decrease 65.51% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 39.53 (%).Trend:Decrease 40.4% than previous quarter

Overall: decreasing (-79.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 46.12 (%).Trend:Increase 71.58% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.79 (%).Trend:Decrease 31.07% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.56 (%).Trend:Decrease 7.01% than previous quarter

Overall: decreasing (-35.91%). 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 19.99 (%).Trend:Increase 12.24% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 20.79 (%).Trend:Increase 4.0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 20.06 (%).Trend:Decrease 3.51% than previous quarter

Overall: increasing (0.35%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.91 (USD).Trend:Decrease 178.45% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.38 (USD).Trend:Decrease 58.24% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.01 (USD).Trend:Decrease 97.37% than previous quarter

Overall: increasing (-98.9%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2020 to Q3 2020 data reveals significant fluctuations.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all decreased sharply overall, exhibiting substantial quarter-to-quarter variation.  The SG&A expense ratio also decreased, but with moderate fluctuation.  Retained earnings on assets showed a slight increase with minimal variation.  Earnings per share improved, but with significant fluctuation.