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 11664800000.0 (%).Trend:Decrease 2.17% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 10968100000.0 (%).Trend:Decrease 5.97% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 11367500000.0 (%).Trend:Increase 3.64% than previous quarter

Overall: decreasing (-2.55%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 22753300000.0 (%).Trend:Decrease 5.61% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 21093800000.0 (%).Trend:Decrease 7.29% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 22242800000.0 (%).Trend:Increase 5.45% than previous quarter

Overall: decreasing (-2.24%). 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 -86360700000.0 (%).Trend:Increase 16.05% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -88181100000.0 (%).Trend:Increase 2.11% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -90290900000.0 (%).Trend:Increase 2.39% than previous quarter

Overall: decreasing (4.55%). Fluctuation: **Significant** (high 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 -62.54 (%).Trend:Increase 31.28% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -65.1 (%).Trend:Increase 4.09% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -68.53 (%).Trend:Increase 5.27% than previous quarter

Overall: decreasing (9.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -3.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (50.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2020 to Q3 2020 show a mixed picture of working capital efficiency. Liabilities on revenue are decreasing, though with little fluctuation. Current assets on revenue also show a slight decrease with similar low variation.  Cost efficiency, however, presents a significantly fluctuating trend in the ratio of retained earnings to revenue, declining overall. Invest efficiency, measured by retained earnings on assets, also shows significant variation, declining overall.  Earning per share demonstrates significant fluctuation, with a substantial decrease.  Overall, the analysis suggests a period of instability in financial performance, with some metrics showing decreasing trends.