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 137080000000.0 (%).Trend:Increase 198.97% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 103800000000.0 (%).Trend:Decrease 24.28% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 121410000000.0 (%).Trend:Increase 16.97% than previous quarter

Overall: decreasing (-11.43%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 306560000000.0 (%).Trend:Increase 187.96% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 264230000000.0 (%).Trend:Decrease 13.81% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 262880000000.0 (%).Trend:Decrease 0.51% than previous quarter

Overall: decreasing (-14.25%). 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 -291850000000.0 (%).Trend:Increase 1.02% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -304250000000.0 (%).Trend:Increase 4.25% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -305250000000.0 (%).Trend:Increase 0.33% than previous quarter

Overall: decreasing (4.59%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2610000000.0 (%).Trend:Decrease 68.25% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8960000000.0 (%).Trend:Increase 243.3% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14920000000.0 (%).Trend:Increase 66.52% than previous quarter

Overall: increasing (471.65%). 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 -32.75 (%).Trend:Decrease 60.42% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -35.83 (%).Trend:Increase 9.4% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -35.99 (%).Trend:Increase 0.45% than previous quarter

Overall: decreasing (9.89%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.18 (USD).Trend:Decrease 121.95% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.51 (USD).Trend:Increase 183.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.51 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (183.33%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2020 to Q3 2020 demonstrates high variability in key financial metrics. Working capital efficiency exhibits a slight decline in liabilities but a notable decrease in current assets.  Cost efficiency shows a negative trend in the retained earnings-to-revenue ratio.  A substantial increase is noted in the SG&A expense ratio, indicating potentially significant cost adjustments. Investment efficiency also declined.  Finally, earnings per share remain negative and decreased.  These findings highlight considerable volatility and potentially problematic areas in the company's financial performance.