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 11718300000.0 (%).Trend:Decrease 19.65% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 11563600000.0 (%).Trend:Decrease 1.32% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 12539100000.0 (%).Trend:Increase 8.44% than previous quarter

Overall: increasing (7.0%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 34254200000.0 (%).Trend:Increase 91.44% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 21488100000.0 (%).Trend:Decrease 37.27% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 23515600000.0 (%).Trend:Increase 9.44% than previous quarter

Overall: decreasing (-31.35%). 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 -37195800000.0 (%).Trend:Increase 8.14% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -38768800000.0 (%).Trend:Increase 4.23% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -37552700000.0 (%).Trend:Decrease 3.14% than previous quarter

Overall: decreasing (0.96%). 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 -13.46 (%).Trend:Increase 4.58% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -14.89 (%).Trend:Increase 10.62% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -14.36 (%).Trend:Decrease 3.56% than previous quarter

Overall: decreasing (6.69%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 to Q3 2020 reveals mixed results. Working capital efficiency shows liabilities on revenue increasing, while current assets on revenue decreased. Cost efficiency shows a significant decrease in the ratio of retained earnings to revenue, with substantial fluctuations across the three quarters. Investment efficiency displays a consistent decrease.