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 73243500000.0 (%).Trend:Decrease 3.73% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 74703600000.0 (%).Trend:Increase 1.99% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 73109100000.0 (%).Trend:Decrease 2.13% than previous quarter

Overall: decreasing (-0.18%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 274784300000.0 (%).Trend:Decrease 9.71% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 273117600000.0 (%).Trend:Decrease 0.61% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 280049300000.0 (%).Trend:Increase 2.54% than previous quarter

Overall: increasing (1.92%). 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 240811100000.0 (%).Trend:Increase 0.93% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 244502200000.0 (%).Trend:Increase 1.53% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 260005900000.0 (%).Trend:Increase 6.34% than previous quarter

Overall: increasing (7.97%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5858700000.0 (%).Trend:Decrease 60.9% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11035700000.0 (%).Trend:Increase 88.36% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16021800000.0 (%).Trend:Increase 45.18% than previous quarter

Overall: increasing (173.47%). 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 34.65 (%).Trend:Increase 2.45% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 34.57 (%).Trend:Decrease 0.23% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 37.22 (%).Trend:Increase 7.67% than previous quarter

Overall: increasing (7.42%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.86 (USD).Trend:Decrease 262.26% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.21 (USD).Trend:Increase 40.7% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.67 (USD).Trend:Increase 120.66% than previous quarter

Overall: increasing (210.47%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2020 shows mixed results. Working capital efficiency metrics (liabilities and current assets) show little fluctuation overall, but cost efficiency (retained earnings/revenue) is increasing steadily. Selling, general, and administrative expenses (SG&A) increased significantly with considerable fluctuation.  Investment efficiency (retained earnings on assets) is also increasing steadily with little fluctuation, while earnings per share show significant fluctuation, increasing overall.