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 30.14 (%).Trend:Increase 173.5% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 14.69 (%).Trend:Decrease 51.26% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 10.49 (%).Trend:Decrease 28.59% than previous quarter

Overall: decreasing (-65.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 100.53 (%).Trend:Increase 207.53% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 45.31 (%).Trend:Decrease 54.93% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 29.04 (%).Trend:Decrease 35.91% than previous quarter

Overall: decreasing (-71.11%). 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 -38.27 (%).Trend:Increase 219.45% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -18.13 (%).Trend:Decrease 52.63% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -8.58 (%).Trend:Decrease 52.68% than previous quarter

Overall: increasing (-77.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.75 (%).Trend:Increase 4.07% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.53 (%).Trend:Decrease 10.38% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.96 (%).Trend:Decrease 5.41% than previous quarter

Overall: decreasing (-15.23%). 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 -23.88 (%).Trend:Increase 5.66% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -24.69 (%).Trend:Increase 3.39% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -18.72 (%).Trend:Decrease 24.18% than previous quarter

Overall: increasing (-21.61%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 90.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.63 (USD).Trend:Decrease 887.5% than previous quarter
Year 2020 Quarter 3: Earning Per Share 6.49 (USD).Trend:Increase 930.16% than previous quarter

Overall: increasing (-8212.5%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2020 highlight substantial volatility in key financial indicators.  Working capital efficiency, specifically liabilities and current assets on revenue, is declining, suggesting potential liquidity issues.  The ratio of retained earnings to revenue, while increasing overall, demonstrates significant instability. Selling, General & Administrative (SG&A) expense ratio displays a more stable decreasing trend, whereas investment efficiency, including retained earnings on assets and earnings per share, is volatile, with a fluctuating trend in earnings per share.  The high variability across all areas suggests substantial risk.