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 97.96 (%).Trend:Increase 337.71% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 50.05 (%).Trend:Decrease 48.91% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 33.52 (%).Trend:Decrease 33.03% than previous quarter

Overall: decreasing (-65.78%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 155.94 (%).Trend:Increase 231.93% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 82.65 (%).Trend:Decrease 47.0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 56.84 (%).Trend:Decrease 31.23% than previous quarter

Overall: decreasing (-63.55%). 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 -100.81 (%).Trend:Increase 195.28% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -49.78 (%).Trend:Decrease 50.62% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -31.1 (%).Trend:Decrease 37.53% than previous quarter

Overall: increasing (-69.15%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.45 (%).Trend:Decrease 1.24% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.53 (%).Trend:Increase 0.31% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.57 (%).Trend:Increase 0.16% than previous quarter

Overall: increasing (0.47%). 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 -35.32 (%).Trend:Decrease 7.35% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -33.76 (%).Trend:Decrease 4.42% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -31.66 (%).Trend:Decrease 6.22% than previous quarter

Overall: increasing (-10.36%). Fluctuation: **Significant** (high variation).

Earning Per Share


2020 financial statements show substantial volatility in working capital efficiency. Liabilities on revenue drastically increased in Q1 2020, then decreased in subsequent quarters, resulting in a significant overall decrease.  Current assets on revenue also showed significant volatility, increasing in Q1 and decreasing in Q2 and Q3, ending up decreasing overall. Cost efficiency, as measured by the retained earnings to revenue ratio, displays significant fluctuation and a net overall increase.  Investment efficiency, as measured by retained earnings on assets, exhibits substantial decrease in each quarter, ultimately showing an overall net increase. SG&A expense ratio displays minimal fluctuation, increasing slightly overall.