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 100720000000.0 (%).Trend:Decrease 2.68% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 86090000000.0 (%).Trend:Decrease 14.53% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 106520000000.0 (%).Trend:Increase 23.73% than previous quarter

Overall: increasing (5.76%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 218930000000.0 (%).Trend:Decrease 10.02% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 248020000000.0 (%).Trend:Increase 13.29% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 285030000000.0 (%).Trend:Increase 14.92% than previous quarter

Overall: increasing (30.19%). 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 49390000000.0 (%).Trend:Increase 23.01% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 41110000000.0 (%).Trend:Decrease 16.76% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 49360000000.0 (%).Trend:Increase 20.07% than previous quarter

Overall: decreasing (-0.06%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19540000000.0 (%).Trend:Decrease 70.18% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34960000000.0 (%).Trend:Increase 78.92% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 51610000000.0 (%).Trend:Increase 47.63% than previous quarter

Overall: increasing (164.12%). 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 7.73 (%).Trend:Increase 28.83% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 6.16 (%).Trend:Decrease 20.31% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 7.01 (%).Trend:Increase 13.8% than previous quarter

Overall: decreasing (-9.31%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.22 (USD).Trend:Decrease 75.28% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.13 (USD).Trend:Decrease 159.09% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.22 (USD).Trend:Decrease 269.23% than previous quarter

Overall: stable (0.0%). Fluctuation: **Significant** (high variation).



The Q1 2020 to Q3 2020 financial statements demonstrate mixed results. Liabilities on revenue and current assets on revenue increased, with moderate fluctuation. Cost efficiency, measured by the retained earnings ratio to revenue, showed a slight decrease, while selling, general, and administrative (SG&A) expenses increased significantly. Investment efficiency exhibited a decreasing trend in retained earnings on assets.  Earnings per share were unstable, exhibiting substantial fluctuations.