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 142.14 (%).Trend:Increase 230.33% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 71.02 (%).Trend:Decrease 50.04% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 46.04 (%).Trend:Decrease 35.17% than previous quarter

Overall: decreasing (-67.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 217.47 (%).Trend:Increase 231.21% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 106.61 (%).Trend:Decrease 50.98% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 72.19 (%).Trend:Decrease 32.29% than previous quarter

Overall: decreasing (-66.8%). 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 -51.83 (%).Trend:Increase 186.51% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -28.06 (%).Trend:Decrease 45.86% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -18.87 (%).Trend:Decrease 32.75% than previous quarter

Overall: increasing (-63.59%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.99 (%).Trend:Decrease 2.7% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.28 (%).Trend:Increase 2.23% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.86 (%).Trend:Increase 4.37% than previous quarter

Overall: increasing (6.7%). Fluctuation: **Little** (low 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 -9.41 (%).Trend:Decrease 11.23% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -9.85 (%).Trend:Increase 4.68% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -9.75 (%).Trend:Decrease 1.02% than previous quarter

Overall: decreasing (3.61%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q1 2020 to Q3 2020 reveal substantial volatility in working capital efficiency, with declining liabilities and current assets on revenue.  Cost efficiency shows an increasing trend in SG&A expense ratio.   The ratio of retained earnings to revenue is increasing overall but with significant quarter-to-quarter fluctuation. Investment efficiency reveals a decreasing trend in retained earnings on assets, with substantial volatility.