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 371054600000.0 (%).Trend:Decrease 3.63% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 360507900000.0 (%).Trend:Decrease 2.84% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 354461300000.0 (%).Trend:Decrease 1.68% than previous quarter

Overall: decreasing (-4.47%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 512948900000.0 (%).Trend:Decrease 3.63% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 502738600000.0 (%).Trend:Decrease 1.99% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 501039900000.0 (%).Trend:Decrease 0.34% than previous quarter

Overall: decreasing (-2.32%). 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 141884500000.0 (%).Trend:Decrease 28.99% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 139386600000.0 (%).Trend:Decrease 1.76% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 141324200000.0 (%).Trend:Increase 1.39% than previous quarter

Overall: decreasing (-0.39%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 19.46 (%).Trend:Decrease 23.23% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 19.25 (%).Trend:Decrease 1.08% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.43 (%).Trend:Increase 0.94% than previous quarter

Overall: decreasing (-0.15%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -1.9 (USD).Trend:Decrease 80.37% than previous quarter
Year 2020 Quarter 2: Earning Per Share -2.07 (USD).Trend:Increase 8.95% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.93 (USD).Trend:Decrease 6.76% than previous quarter

Overall: decreasing (1.58%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1-Q3 2020 reveals decreasing trends in working capital efficiency (liabilities and current assets on revenue), cost efficiency (ratio of retained earnings to revenue), and investment efficiency (retained earnings on assets).  Earnings per share experienced significant declines with considerable variation.