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 48573300000.0 (%).Trend:Decrease 4.84% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 45244400000.0 (%).Trend:Decrease 6.85% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 43117500000.0 (%).Trend:Decrease 4.7% than previous quarter

Overall: decreasing (-11.23%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 115190600000.0 (%).Trend:Decrease 1.31% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 113190800000.0 (%).Trend:Decrease 1.74% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 112582000000.0 (%).Trend:Decrease 0.54% than previous quarter

Overall: decreasing (-2.26%). 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 148037300000.0 (%).Trend:Decrease 29.94% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 145558500000.0 (%).Trend:Decrease 1.67% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 137622000000.0 (%).Trend:Decrease 5.45% than previous quarter

Overall: decreasing (-7.04%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5574100000.0 (%).Trend:Decrease 64.08% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10346000000.0 (%).Trend:Increase 85.61% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15285600000.0 (%).Trend:Increase 47.74% than previous quarter

Overall: increasing (174.23%). 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 68.37 (%).Trend:Decrease 6.64% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 68.38 (%).Trend:Increase 0.01% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 67.54 (%).Trend:Decrease 1.23% than previous quarter

Overall: decreasing (-1.21%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -3.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -4.0 (USD).Trend:Increase 33.33% than previous quarter

Overall: decreasing (33.33%). Fluctuation: **Significant** (high variation).



Q1-Q3 2020 financial results show a consistent downward trend in liabilities and current assets, with little variation. Cost efficiency indicates a decrease in retained earnings to revenue.  SG&A expenses, however, show a significant increase. Investment efficiency trends slightly downward with little fluctuation. Earnings per share show a persistent negative trend with significant variation.