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 91.16 (%).Trend:Increase 226.5% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 45.03 (%).Trend:Decrease 50.6% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 757.55 (%).Trend:Increase 1582.32% than previous quarter

Overall: increasing (731.01%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 168.36 (%).Trend:Increase 259.21% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 92.82 (%).Trend:Decrease 44.87% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 867.54 (%).Trend:Increase 834.65% than previous quarter

Overall: increasing (415.29%). 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 289.38 (%).Trend:Increase 219.79% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 146.43 (%).Trend:Decrease 49.4% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 312.01 (%).Trend:Increase 113.08% than previous quarter

Overall: increasing (7.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.23 (%).Trend:Increase 15.14% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.33 (%).Trend:Decrease 4.45% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 39.49 (%).Trend:Increase 104.29% than previous quarter

Overall: increasing (95.21%). 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 23.95 (%).Trend:Increase 3.59% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 25.13 (%).Trend:Increase 4.93% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 25.36 (%).Trend:Increase 0.92% than previous quarter

Overall: increasing (5.89%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.27 (USD).Trend:Decrease 67.47% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.85 (USD).Trend:Increase 214.81% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.55 (USD).Trend:Increase 82.35% than previous quarter

Overall: increasing (474.07%). Fluctuation: **Significant** (high variation).



The provided financial data for Q1 2020 to Q3 2020 reveals significant fluctuations in key financial ratios. Liabilities and current assets on revenue exhibit highly variable trends, increasing overall but with substantial swings in each quarter. Cost efficiency, as measured by retained earnings to revenue, also shows significant volatility and an overall increase. Selling, general, and administrative (SG&A) expenses show an upward trend but with noticeable variations in each quarter. Investment efficiency, calculated as retained earnings on assets, demonstrates a consistent upward trend. Earnings per share exhibit substantial quarter-to-quarter variability. The high level of volatility requires further investigation into underlying causes and potential implications for the company's financial performance.