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 35879700000.0 (%).Trend:Decrease 10.65% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 30247800000.0 (%).Trend:Decrease 15.7% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29346900000.0 (%).Trend:Decrease 2.98% than previous quarter

Overall: decreasing (-18.21%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 40915800000.0 (%).Trend:Decrease 29.07% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 57709600000.0 (%).Trend:Increase 41.04% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 57916600000.0 (%).Trend:Increase 0.36% than previous quarter

Overall: increasing (41.55%). 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 -51930200000.0 (%).Trend:Increase 44.93% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -55788600000.0 (%).Trend:Increase 7.43% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -57731300000.0 (%).Trend:Increase 3.48% than previous quarter

Overall: decreasing (11.17%). 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 -76.14 (%).Trend:Increase 84.18% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -65.2 (%).Trend:Decrease 14.37% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -68.34 (%).Trend:Increase 4.82% than previous quarter

Overall: increasing (-10.24%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1-Q3 2020 indicates decreasing liabilities on revenue (-18.21%) with moderate fluctuation.  A substantial increase (41.55%) in current assets on revenue is observed.  The ratio of retained earnings to revenue shows a substantial decrease (11.17%) with high variation.  Investment efficiency, measured by retained earnings on assets, reveals an increase (-10.24%) with notable fluctuation.  No data is available for the Selling, General & Administrative (SG&A) expense ratio and earnings per share. The financial performance displays mixed results, with significant volatility in cost and investment metrics.