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 126000000000.0 (%).Trend:Decrease 5.58% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 152339100000.0 (%).Trend:Increase 20.9% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 151415400000.0 (%).Trend:Decrease 0.61% than previous quarter

Overall: increasing (20.17%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 207980000000.0 (%).Trend:Decrease 5.41% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 213704800000.0 (%).Trend:Increase 2.75% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 233407500000.0 (%).Trend:Increase 9.22% than previous quarter

Overall: increasing (12.23%). Fluctuation: **Little** (low 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 154693900000.0 (%).Trend:Increase 9.73% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 160394400000.0 (%).Trend:Increase 3.69% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 172043500000.0 (%).Trend:Increase 7.26% than previous quarter

Overall: increasing (11.22%). Fluctuation: **Little** (low 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 31.61 (%).Trend:Increase 8.92% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 32.14 (%).Trend:Increase 1.68% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 33.07 (%).Trend:Increase 2.89% than previous quarter

Overall: increasing (4.62%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q1-Q3 2020 reveals positive trends in working capital efficiency. Liabilities on revenue show an overall increase of 20.17% with little variation, while current assets on revenue also increased by 12.23% with little fluctuation. Cost efficiency, evidenced by the increasing ratio of retained earnings to revenue (11.22%), and invest efficiency, with a 4.62% increase in retained earnings on assets, demonstrate favorable performance.