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 47.43 (%).Trend:Increase 280.96% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 22.51 (%).Trend:Decrease 52.54% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 15.11 (%).Trend:Decrease 32.87% than previous quarter

Overall: decreasing (-68.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 68.51 (%).Trend:Increase 194.03% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 35.03 (%).Trend:Decrease 48.87% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 24.47 (%).Trend:Decrease 30.15% than previous quarter

Overall: decreasing (-64.28%). 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 109.15 (%).Trend:Increase 205.4% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 56.87 (%).Trend:Decrease 47.9% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 36.83 (%).Trend:Decrease 35.24% than previous quarter

Overall: decreasing (-66.26%). 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 85.66 (%).Trend:Decrease 3.5% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 87.6 (%).Trend:Increase 2.26% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 84.61 (%).Trend:Decrease 3.41% than previous quarter

Overall: decreasing (-1.23%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statement responses from Q1 to Q3 2020 show high volatility in working capital efficiency, cost efficiency (ratio of retained earnings to revenue), and investment efficiency.  The ratio of retained earnings to revenue and working capital efficiency experienced significant downward trends, while investment efficiency (retained earnings on assets) had minor fluctuation.  Further investigation is required to determine the underlying causes for the observed volatility.