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 31439100000.0 (%).Trend:Decrease 9.33% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 27282100000.0 (%).Trend:Decrease 13.22% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 28342400000.0 (%).Trend:Increase 3.89% than previous quarter

Overall: decreasing (-9.85%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 34302500000.0 (%).Trend:Decrease 2.36% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 32607300000.0 (%).Trend:Decrease 4.94% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 35641800000.0 (%).Trend:Increase 9.31% than previous quarter

Overall: increasing (3.9%). 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 2189900000.0 (%).Trend:Increase 64.09% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 5436000000.0 (%).Trend:Increase 148.23% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 8484200000.0 (%).Trend:Increase 56.07% than previous quarter

Overall: increasing (287.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7521900000.0 (%).Trend:Decrease 60.69% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15882500000.0 (%).Trend:Increase 111.15% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25107700000.0 (%).Trend:Increase 58.08% than previous quarter

Overall: increasing (233.79%). 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 3.31 (%).Trend:Increase 67.17% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 8.4 (%).Trend:Increase 153.78% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 12.17 (%).Trend:Increase 44.88% than previous quarter

Overall: increasing (267.67%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.03 (USD).Trend:Decrease 112.5% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.72 (USD).Trend:Decrease 2500.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.42 (USD).Trend:Increase 97.22% than previous quarter

Overall: increasing (-4833.33%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 to Q3 2020 shows considerable fluctuation in financial metrics, with some positive trends observed. The ratio of retained earnings to revenue, SG&A expense ratio, and investment efficiency show substantial positive increases over the three quarters, although significant swings are present. Liabilities on revenue slightly decreased, while current assets on revenue increased. Earnings per share displayed considerable fluctuations and a net increase.  Overall, the quarter saw considerable growth, but with volatility.