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 109.88 (%).Trend:Increase 381.72% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 34.74 (%).Trend:Decrease 68.38% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.39 (%).Trend:Decrease 26.91% than previous quarter

Overall: decreasing (-76.89%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 122.05 (%).Trend:Increase 225.73% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 60.64 (%).Trend:Decrease 50.32% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 40.75 (%).Trend:Decrease 32.8% than previous quarter

Overall: decreasing (-66.61%). 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 58.21 (%).Trend:Increase 162.09% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 25.42 (%).Trend:Decrease 56.33% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -2.21 (%).Trend:Decrease 108.69% than previous quarter

Overall: decreasing (-103.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.79 (%).Trend:Increase 1.8% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.37 (%).Trend:Increase 8.54% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.53 (%).Trend:Increase 2.17% than previous quarter

Overall: increasing (10.9%). 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 9.03 (%).Trend:Decrease 20.51% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 7.55 (%).Trend:Decrease 16.39% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -1.09 (%).Trend:Decrease 114.44% than previous quarter

Overall: decreasing (-112.07%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.51 (USD).Trend:Decrease 227.5% than previous quarter
Year 2020 Quarter 2: Earning Per Share -1.27 (USD).Trend:Increase 149.02% than previous quarter
Year 2020 Quarter 3: Earning Per Share -5.94 (USD).Trend:Increase 367.72% than previous quarter

Overall: decreasing (1064.71%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2020 show considerable volatility.  Liabilities and current assets on revenue declined across the period.  The retained earnings to revenue ratio also decreased substantially. The SG&A expense ratio increased consistently. Retained earnings on assets decreased substantially, with negative values in the final quarter.  Earnings per share experienced significant, and consistently negative, fluctuations.