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 194700000000.0 (%).Trend:Decrease 16.94% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 156400000000.0 (%).Trend:Decrease 19.67% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 142600000000.0 (%).Trend:Decrease 8.82% than previous quarter

Overall: decreasing (-26.76%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 427000000000.0 (%).Trend:Increase 25.66% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 311500000000.0 (%).Trend:Decrease 27.05% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 313600000000.0 (%).Trend:Increase 0.67% than previous quarter

Overall: decreasing (-26.56%). 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 102100000000.0 (%).Trend:Decrease 73.38% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 62500000000.0 (%).Trend:Decrease 38.79% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 30400000000.0 (%).Trend:Decrease 51.36% than previous quarter

Overall: decreasing (-70.23%). 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 4.93 (%).Trend:Decrease 72.19% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 3.2 (%).Trend:Decrease 35.09% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 1.6 (%).Trend:Decrease 50.0% than previous quarter

Overall: decreasing (-67.55%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -8.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -9.0 (USD).Trend:Increase 12.5% than previous quarter
Year 2020 Quarter 3: Earning Per Share -9.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (12.5%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 to Q3 2020 shows decreasing trends in working capital efficiency. Liabilities and current assets on revenue decreased with moderate fluctuation, except for one increase in current assets.  A significant decline is seen in the ratio of retained earnings to revenue, highlighting substantial volatility.  Investment efficiency demonstrates a significant decline in retained earnings on assets. Earning per share shows a continuous decreasing trend with moderate fluctuation.