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 5840800000.0 (%).Trend:Decrease 20.84% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 2877600000.0 (%).Trend:Decrease 50.73% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 3516900000.0 (%).Trend:Increase 22.22% than previous quarter

Overall: decreasing (-39.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 26166100000.0 (%).Trend:Decrease 10.55% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 20730800000.0 (%).Trend:Decrease 20.77% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 18859800000.0 (%).Trend:Decrease 9.03% than previous quarter

Overall: decreasing (-27.92%). Fluctuation: **Neutral** (moderate 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 -66571500000.0 (%).Trend:Increase 361.36% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -68988600000.0 (%).Trend:Increase 3.63% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -70838800000.0 (%).Trend:Increase 2.68% than previous quarter

Overall: decreasing (6.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -124.43 (%).Trend:Increase 832.76% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -147.14 (%).Trend:Increase 18.25% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -161.56 (%).Trend:Increase 9.8% than previous quarter

Overall: decreasing (29.84%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -10.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -10.97 (USD).Trend:Increase 9.7% than previous quarter
Year 2020 Quarter 3: Earning Per Share -11.56 (USD).Trend:Increase 5.38% than previous quarter

Overall: decreasing (15.6%). Fluctuation: **Significant** (high variation).



Analysis of the financial statements reveals significant fluctuations in working capital efficiency. Liabilities on revenue show a substantial decrease (-39.79%), while current assets on revenue decreased (-27.92%).  Cost efficiency metrics, particularly the ratio of retained earnings to revenue, exhibit significant variability, demonstrating a downward trend (6.41%).  Investment efficiency (retained earnings on assets) also shows a noteworthy decrease (29.84%). Finally, earnings per share decreased (15.6%).  These trends suggest potential operational issues and financial instability.