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 202538200.0 (%).Trend:Decrease 9.87% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 136002400.0 (%).Trend:Decrease 32.85% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 110247800.0 (%).Trend:Decrease 18.94% than previous quarter

Overall: decreasing (-45.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 1470077900.0 (%).Trend:Decrease 35.66% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 992451300.0 (%).Trend:Decrease 32.49% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 1052926800.0 (%).Trend:Increase 6.09% than previous quarter

Overall: decreasing (-28.38%). Fluctuation: **Neutral** (moderate 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 -13320204400.0 (%).Trend:Increase 7.63% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -14553934000.0 (%).Trend:Increase 9.26% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -15003590000.0 (%).Trend:Increase 3.09% than previous quarter

Overall: decreasing (12.64%). 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 -855.94 (%).Trend:Increase 63.58% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -1356.13 (%).Trend:Increase 58.44% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -1329.85 (%).Trend:Decrease 1.94% than previous quarter

Overall: decreasing (55.37%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q1 2020 to Q3 2020 reveal significant fluctuations in key metrics. Working capital efficiency, as measured by liabilities and current assets on revenue, shows decreases in both cases, with moderate variation for current assets. Cost efficiency, indicated by the ratio of retained earnings to revenue, demonstrates a consistent decreasing trend with high volatility. Investment efficiency, as shown by retained earnings on assets, displays a decreasing trend with considerable variation.