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 72.69 (%).Trend:Increase 253.89% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 38.74 (%).Trend:Decrease 46.71% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 32.22 (%).Trend:Decrease 16.83% than previous quarter

Overall: decreasing (-55.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 249.71 (%).Trend:Increase 392.23% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 107.75 (%).Trend:Decrease 56.85% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 71.07 (%).Trend:Decrease 34.04% than previous quarter

Overall: decreasing (-71.54%). 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 -7.73 (%).Trend:Decrease 7127.27% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -8.46 (%).Trend:Increase 9.44% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -0.87 (%).Trend:Decrease 89.72% than previous quarter

Overall: increasing (-88.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 37.85 (%).Trend:Increase 20.31% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 40.65 (%).Trend:Increase 7.4% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 36.32 (%).Trend:Decrease 10.65% than previous quarter

Overall: decreasing (-4.04%). 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 -2.05 (%).Trend:Decrease 1676.92% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -4.59 (%).Trend:Increase 123.9% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -0.75 (%).Trend:Decrease 83.66% than previous quarter

Overall: increasing (-63.41%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.05 (USD).Trend:Decrease 104.17% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.63 (USD).Trend:Increase 1160.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.44 (USD).Trend:Decrease 169.84% than previous quarter

Overall: increasing (-980.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2020 reveal highly fluctuating financial performance. Liabilities on revenue and current assets on revenue show significant decreases but large variations.  Cost efficiency, measured by the ratio of retained earnings to revenue, displays a negative trend with major fluctuations. Investment efficiency and earnings per share also reveal significant volatility with negative values.  The data suggests a highly unstable financial period.