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 47643.7 (%).Trend:Decrease 99.99% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 47772.27 (%).Trend:Increase 0.27% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 48754.62 (%).Trend:Increase 2.06% than previous quarter

Overall: increasing (2.33%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 199717.65 (%).Trend:Decrease 98.37% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 174639.5 (%).Trend:Decrease 12.56% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 331874.37 (%).Trend:Increase 90.03% than previous quarter

Overall: increasing (66.17%). 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 -76305.46 (%).Trend:Decrease 100.02% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -102573.53 (%).Trend:Increase 34.42% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -134905.46 (%).Trend:Increase 31.52% than previous quarter

Overall: decreasing (76.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11241.6 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22185.71 (%).Trend:Increase 97.35% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 35184.03 (%).Trend:Increase 58.59% than previous quarter

Overall: increasing (212.98%). Fluctuation: **Significant** (high 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 -33.14 (%).Trend:Decrease 4578.38% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -49.72 (%).Trend:Increase 50.03% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -37.07 (%).Trend:Decrease 25.44% than previous quarter

Overall: decreasing (11.86%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q1 to Q3 2020 reveal substantial volatility.  Liabilities on revenue trend slightly upwards with little variation. Current assets on revenue show a significant increase in the third quarter, following a substantial decrease in the first and second quarters. Cost efficiency, as measured by the retained earnings-to-revenue ratio, reveals a significant negative trend. Selling, general, and administrative (SG&A) expenses increased substantially across all quarters. Investment efficiency, calculated as retained earnings on assets, exhibits a consistent downward trend with significant fluctuations.  The variability necessitates further investigation into the underlying factors.