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 reveal a mixed performance from Q1 2020 through Q3 2020.  Liabilities are increasing steadily, potentially signaling rising obligations.  Current assets on revenue are declining slightly. Cost efficiency (retained earnings/revenue) is improving, while the SG&A expense ratio exhibits considerable fluctuation.  Investment efficiency (retained earnings on assets) is declining slightly. Earnings per share are growing significantly but with substantial volatility.  The significant variability in SG&A and earnings per share warrants further scrutiny to identify underlying causes.