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 2207800000000.0 (%).Trend:Increase 9.67% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 2382700000000.0 (%).Trend:Increase 7.92% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 2600900000000.0 (%).Trend:Increase 9.16% than previous quarter

Overall: increasing (17.81%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 2426800000000.0 (%).Trend:Increase 26.41% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 2318900000000.0 (%).Trend:Decrease 4.45% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 2406000000000.0 (%).Trend:Increase 3.76% than previous quarter

Overall: decreasing (-0.86%). 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 6192000000000.0 (%).Trend:Increase 0.66% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 6214500000000.0 (%).Trend:Increase 0.36% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 6301300000000.0 (%).Trend:Increase 1.4% than previous quarter

Overall: increasing (1.77%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 583000000000.0 (%).Trend:Decrease 67.87% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1236800000000.0 (%).Trend:Increase 112.14% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1929200000000.0 (%).Trend:Increase 55.98% than previous quarter

Overall: increasing (230.91%). 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 72.79 (%).Trend:Decrease 8.36% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 69.42 (%).Trend:Decrease 4.63% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 68.46 (%).Trend:Decrease 1.38% than previous quarter

Overall: decreasing (-5.95%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.96 (USD).Trend:Decrease 75.76% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.15 (USD).Trend:Increase 123.96% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.8 (USD).Trend:Increase 76.74% than previous quarter

Overall: increasing (295.83%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2020 to Q3 2020 show a mixed performance.  Liabilities on revenue are steadily increasing, although the fluctuation is minimal.  Current assets on revenue are decreasing slightly, potentially suggesting inefficiencies.  Cost efficiency, indicated by the ratio of retained earnings to revenue, is consistently improving.  SG&A expense ratio is highly variable, increasing markedly. Investment efficiency, measured by retained earnings on assets, is declining.  Earnings per share are experiencing substantial growth, but this growth is also highly volatile.  The sharp increases and decreases in SG&A and earnings per share necessitate further analysis.