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 781300000.0 (%).Trend:Decrease 24.31% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 409300000.0 (%).Trend:Decrease 47.61% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 204400000.0 (%).Trend:Decrease 50.06% than previous quarter

Overall: decreasing (-73.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 1530200000.0 (%).Trend:Decrease 57.64% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 1088800000.0 (%).Trend:Decrease 28.85% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 954500000.0 (%).Trend:Decrease 12.33% than previous quarter

Overall: decreasing (-37.62%). 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 -9985300000.0 (%).Trend:Increase 6.39% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -10259400000.0 (%).Trend:Increase 2.75% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -10488700000.0 (%).Trend:Increase 2.24% than previous quarter

Overall: decreasing (5.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 212300000.0 (%).Trend:Decrease 51.06% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 354500000.0 (%).Trend:Increase 66.98% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 482600000.0 (%).Trend:Increase 36.14% than previous quarter

Overall: increasing (127.32%). Fluctuation: **Significant** (high 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 -89.09 (%).Trend:Increase 13.84% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -96.25 (%).Trend:Increase 8.04% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -102.12 (%).Trend:Increase 6.1% than previous quarter

Overall: decreasing (14.63%). Fluctuation: **Significant** (high variation).

Earning Per Share


The financial statements for Q1-Q3 2020 reveal a concerning picture of declining working capital efficiency. Liabilities on revenue dropped drastically, indicating potential improvements in debt management. However, current assets on revenue also saw declines, suggesting possible issues with maintaining sufficient operating assets.  Cost efficiency is problematic, with a significant drop in retained earnings compared to revenue, and a large increase in SG&A expenses.  The decline in retained earnings on assets shows decreasing returns on investments. These negative trends, especially the significant fluctuations, point to operational challenges that require immediate attention.