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 40.9 (%).Trend:Increase 191.52% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 48.88 (%).Trend:Increase 19.51% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 30.08 (%).Trend:Decrease 38.46% than previous quarter

Overall: decreasing (-26.45%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 172.26 (%).Trend:Increase 227.86% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 119.48 (%).Trend:Decrease 30.64% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 60.3 (%).Trend:Decrease 49.53% than previous quarter

Overall: decreasing (-64.99%). 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 210.29 (%).Trend:Increase 229.71% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 107.17 (%).Trend:Decrease 49.04% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 70.88 (%).Trend:Decrease 33.86% than previous quarter

Overall: decreasing (-66.29%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.06 (%).Trend:Decrease 13.86% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.58 (%).Trend:Increase 4.7% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.87 (%).Trend:Increase 2.5% than previous quarter

Overall: increasing (7.32%). 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 69.08 (%).Trend:Increase 0.48% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 56.55 (%).Trend:Decrease 18.14% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 54.66 (%).Trend:Decrease 3.34% than previous quarter

Overall: decreasing (-20.87%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.15 (USD).Trend:Decrease 108.52% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.18 (USD).Trend:Decrease 220.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.5 (USD).Trend:Increase 177.78% than previous quarter

Overall: increasing (-433.33%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2020 display a mixed pattern of trends. Working capital efficiency metrics (liabilities and current assets on revenue) show a decrease with considerable variation between quarters.  Cost efficiency (ratio of retained earnings to revenue) displays a substantial overall decrease with significant quarterly changes. The SG&A expense ratio demonstrates a consistent increase with little variation.  Investment efficiency (retained earnings on assets) also shows an overall decline with moderate fluctuation. Earnings per share reveal a significant overall increase, though with large quarterly fluctuations.