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 54331500000.0 (%).Trend:Increase 18.73% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 49176200000.0 (%).Trend:Decrease 9.49% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 45543600000.0 (%).Trend:Decrease 7.39% than previous quarter

Overall: decreasing (-16.17%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 102823000000.0 (%).Trend:Decrease 4.87% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 100787200000.0 (%).Trend:Decrease 1.98% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 98942900000.0 (%).Trend:Decrease 1.83% than previous quarter

Overall: decreasing (-3.77%). 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 138599300000.0 (%).Trend:Increase 1.88% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 140915800000.0 (%).Trend:Increase 1.67% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 144229200000.0 (%).Trend:Increase 2.35% than previous quarter

Overall: increasing (4.06%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14150900000.0 (%).Trend:Decrease 67.27% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26950700000.0 (%).Trend:Increase 90.45% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 39862000000.0 (%).Trend:Increase 47.91% than previous quarter

Overall: increasing (181.69%). 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 34.43 (%).Trend:Increase 2.05% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 35.41 (%).Trend:Increase 2.85% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 36.22 (%).Trend:Increase 2.29% than previous quarter

Overall: increasing (5.2%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial data for Q1-Q3 2020 reveals a mixed picture.  Working capital efficiency (liabilities and current assets on revenue) is decreasing slightly with low fluctuation. Cost efficiency, as measured by the ratio of retained earnings to revenue, is increasing with little fluctuation.  Selling, general, and administrative (SG&A) expenses are increasing significantly, while investment efficiency (retained earnings on assets) also increases with low variation.