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 63.93 (%).Trend:Increase 237.72% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 31.32 (%).Trend:Decrease 51.01% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 19.97 (%).Trend:Decrease 36.24% than previous quarter

Overall: decreasing (-68.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 136.8 (%).Trend:Increase 249.25% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 66.11 (%).Trend:Decrease 51.67% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 47.2 (%).Trend:Decrease 28.6% than previous quarter

Overall: decreasing (-65.5%). 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 -64.22 (%).Trend:Decrease 1106.58% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -38.86 (%).Trend:Decrease 39.49% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -27.07 (%).Trend:Decrease 30.34% than previous quarter

Overall: increasing (-57.85%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.12 (%).Trend:Increase 16.7% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.23 (%).Trend:Decrease 2.69% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.75 (%).Trend:Decrease 4.59% than previous quarter

Overall: decreasing (-7.16%). 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 -19.31 (%).Trend:Decrease 451.09% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -22.41 (%).Trend:Increase 16.05% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -23.2 (%).Trend:Increase 3.53% than previous quarter

Overall: decreasing (20.15%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -6.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -6.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -7.0 (USD).Trend:Increase 16.67% than previous quarter

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



Financial statements from Q1 to Q3 2020 show significant volatility. Liabilities on revenue and current assets on revenue are declining, but fluctuate widely. The ratio of retained earnings to revenue is increasing, yet with high volatility.  SG&A expense ratio is decreasing slightly. Investment efficiency (retained earnings on assets) and earnings per share exhibit substantial variations.