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 39800000000.0 (%).Trend:Increase 6.7% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 41600000000.0 (%).Trend:Increase 4.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 41200000000.0 (%).Trend:Decrease 0.96% than previous quarter

Overall: increasing (3.52%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 51000000000.0 (%).Trend:Increase 4.29% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 57700000000.0 (%).Trend:Increase 13.14% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 62400000000.0 (%).Trend:Increase 8.15% than previous quarter

Overall: increasing (22.35%). 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 -17400000000.0 (%).Trend:Decrease 13.86% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -12600000000.0 (%).Trend:Decrease 27.59% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -7700000000.0 (%).Trend:Decrease 38.89% than previous quarter

Overall: increasing (-55.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10500000000.0 (%).Trend:Decrease 64.65% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22900000000.0 (%).Trend:Increase 118.1% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 35800000000.0 (%).Trend:Increase 56.33% than previous quarter

Overall: increasing (240.95%). 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 -13.48 (%).Trend:Decrease 18.8% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -9.26 (%).Trend:Decrease 31.31% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -5.47 (%).Trend:Decrease 40.93% than previous quarter

Overall: increasing (-59.42%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q1 2020 to Q3 2020 financial statements reveals consistent growth in working capital metrics. Liabilities on revenue increased (3.52%) while current assets on revenue increased more significantly (22.35%), both with little fluctuation.  Cost efficiency shows a drastically decreasing trend in the ratio of retained earnings to revenue (-55.75%), and a substantial overall increase in the SG&A expense ratio (240.95%), both with substantial quarter-to-quarter variations. Investment efficiency, measured by retained earnings on assets, decreased significantly (-59.42%) with notable volatility.