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 242.0 (%).Trend:Increase 228.49% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 103.32 (%).Trend:Decrease 57.31% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 68.09 (%).Trend:Decrease 34.1% than previous quarter

Overall: decreasing (-71.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 162.59 (%).Trend:Increase 263.65% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 72.28 (%).Trend:Decrease 55.54% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 47.99 (%).Trend:Decrease 33.61% than previous quarter

Overall: decreasing (-70.48%). 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 110.47 (%).Trend:Increase 229.17% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 58.81 (%).Trend:Decrease 46.76% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 38.22 (%).Trend:Decrease 35.01% than previous quarter

Overall: decreasing (-65.4%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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:Increase 2.01% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 21.97 (%).Trend:Increase 13.78% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 21.18 (%).Trend:Decrease 3.6% than previous quarter

Overall: increasing (9.68%). Fluctuation: **Little** (low variation).

Earning Per Share


The financial analysis from Q1 to Q3 2020 shows substantial and fluctuating trends in working capital and cost efficiency. Liabilities on revenue, and current assets on revenue, both demonstrate significant decreases with considerable volatility across quarters.  The ratio of retained earnings to revenue also decreased substantially but demonstrates high volatility. Investment efficiency, measured by retained earnings on assets, is the only area with a more stable, albeit fluctuating, trend.