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 31439100000.0 (%).Trend:Decrease 9.33% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 27282100000.0 (%).Trend:Decrease 13.22% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 28342400000.0 (%).Trend:Increase 3.89% than previous quarter

Overall: decreasing (-9.85%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 34302500000.0 (%).Trend:Decrease 2.36% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 32607300000.0 (%).Trend:Decrease 4.94% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 35641800000.0 (%).Trend:Increase 9.31% than previous quarter

Overall: increasing (3.9%). 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 2189900000.0 (%).Trend:Increase 64.09% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 5436000000.0 (%).Trend:Increase 148.23% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 8484200000.0 (%).Trend:Increase 56.07% than previous quarter

Overall: increasing (287.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7521900000.0 (%).Trend:Decrease 60.69% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15882500000.0 (%).Trend:Increase 111.15% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25107700000.0 (%).Trend:Increase 58.08% than previous quarter

Overall: increasing (233.79%). 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 3.31 (%).Trend:Increase 67.17% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 8.4 (%).Trend:Increase 153.78% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 12.17 (%).Trend:Increase 44.88% than previous quarter

Overall: increasing (267.67%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.03 (USD).Trend:Decrease 112.5% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.72 (USD).Trend:Decrease 2500.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.42 (USD).Trend:Increase 97.22% than previous quarter

Overall: increasing (-4833.33%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2020 show significant overall increases in cost efficiency metrics, but substantial fluctuations.  The ratio of retained earnings to revenue, SG&A expense ratio, and investment efficiency all experienced substantial increases throughout the quarter. However, working capital efficiency displayed a slight decrease in liabilities on revenue, while current assets increased. Earnings per share had significant fluctuations, with a large increase in Q3. Overall, Q1-Q3 2020 suggests positive growth, but with large quarter-to-quarter variations.