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 84.37 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 56.33 (%).Trend:Decrease 33.23% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.25 (%).Trend:Decrease 55.17% than previous quarter

Overall: decreasing (-70.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 113.66 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 72.43 (%).Trend:Decrease 36.27% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 36.96 (%).Trend:Decrease 48.97% than previous quarter

Overall: decreasing (-67.48%). 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 75.38 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 28.54 (%).Trend:Decrease 62.14% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 14.83 (%).Trend:Decrease 48.04% than previous quarter

Overall: decreasing (-80.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.14 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.99 (%).Trend:Increase 15.71% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.8 (%).Trend:Increase 3.86% than previous quarter

Overall: increasing (20.18%). 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 7.0 (%).Trend:Increase 13.09% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 4.65 (%).Trend:Decrease 33.57% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 3.53 (%).Trend:Decrease 24.09% than previous quarter

Overall: decreasing (-49.57%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of 2020 financial statements shows significant declines in working capital efficiency and cost efficiency. Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all decreased substantially across the three quarters. However, the SG&A expense ratio exhibited modest fluctuations.  Investment efficiency also saw substantial fluctuation.  The data paints a picture of a company facing considerable instability in key financial metrics.