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 126.18 (%).Trend:Increase 291.01% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 55.92 (%).Trend:Decrease 55.68% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 38.68 (%).Trend:Decrease 30.83% than previous quarter

Overall: decreasing (-69.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 298.89 (%).Trend:Increase 183.74% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 192.85 (%).Trend:Decrease 35.48% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 130.94 (%).Trend:Decrease 32.1% than previous quarter

Overall: decreasing (-56.19%). 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 -65.24 (%).Trend:Increase 161.59% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -37.31 (%).Trend:Decrease 42.81% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 20.25 (%).Trend:Decrease 154.27% than previous quarter

Overall: increasing (-131.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.02 (%).Trend:Increase 0.7% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.38 (%).Trend:Increase 2.76% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.32 (%).Trend:Decrease 0.45% than previous quarter

Overall: increasing (2.3%). 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 -9.18 (%).Trend:Decrease 2.55% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -8.85 (%).Trend:Decrease 3.59% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 6.18 (%).Trend:Decrease 169.83% than previous quarter

Overall: increasing (-167.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 129.49% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.19 (USD).Trend:Decrease 17.39% than previous quarter
Year 2020 Quarter 3: Earning Per Share 6.45 (USD).Trend:Increase 3294.74% than previous quarter

Overall: increasing (2704.35%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2020 reveals substantial volatility across key metrics.  Liability-to-revenue ratios declined substantially but with significant variation quarter-to-quarter.  Current asset-to-revenue ratios also decreased during the same period, similarly showing significant quarter-to-quarter fluctuation. The ratio of retained earnings to revenue increased overall, although individual quarter trends varied considerably. SG&A expenses experienced little variation. Retained earnings on assets showed significant variation and ended with a substantial increase in Q3. Earning per share showed enormous variation and ended with a considerable increase in Q3. This indicates a company facing significant short-term fluctuations and potential long-term issues with profitability.