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 272.01 (%).Trend:Increase 170.09% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 111.33 (%).Trend:Decrease 59.07% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 61.4 (%).Trend:Decrease 44.85% than previous quarter

Overall: decreasing (-77.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 706.73 (%).Trend:Increase 137.02% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 310.74 (%).Trend:Decrease 56.03% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 382.39 (%).Trend:Increase 23.06% than previous quarter

Overall: decreasing (-45.89%). 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 -781.42 (%).Trend:Increase 174.5% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -411.28 (%).Trend:Decrease 47.37% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -288.22 (%).Trend:Decrease 29.92% than previous quarter

Overall: increasing (-63.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 37.96 (%).Trend:Increase 13.82% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.75 (%).Trend:Increase 2.08% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.95 (%).Trend:Increase 0.52% than previous quarter

Overall: increasing (2.61%). 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 -98.58 (%).Trend:Increase 17.53% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -109.25 (%).Trend:Increase 10.82% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -67.73 (%).Trend:Decrease 38.0% than previous quarter

Overall: increasing (-31.29%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statement analysis reveals significant fluctuations in working capital efficiency. Liabilities on revenue decreased substantially, from 272.01% in Q1 2020 to 61.4% in Q3 2020.  However, current assets on revenue also decreased from Q1 to Q2 but rebounded slightly by Q3. Cost efficiency exhibits significant variation, with a substantial increase in the ratio of retained earnings to revenue, though the trend appears to be downward since then.  The selling, general and administrative (SG&A) expense ratio displays a slight, steady upward trend. Investment efficiency shows an increase but with noticeable fluctuations.