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 63024700000.0 (%).Trend:Increase 4.6% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 65742200000.0 (%).Trend:Increase 4.31% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 71712400000.0 (%).Trend:Increase 9.08% than previous quarter

Overall: increasing (13.78%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 201458400000.0 (%).Trend:Decrease 10.62% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 219299900000.0 (%).Trend:Increase 8.86% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 224322100000.0 (%).Trend:Increase 2.29% than previous quarter

Overall: increasing (11.35%). 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 17114200000.0 (%).Trend:Decrease 340.69% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 33305700000.0 (%).Trend:Increase 94.61% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 49168000000.0 (%).Trend:Increase 47.63% than previous quarter

Overall: increasing (187.29%). 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 2.46 (%).Trend:Decrease 319.64% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 4.61 (%).Trend:Increase 87.4% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 6.54 (%).Trend:Increase 41.87% than previous quarter

Overall: increasing (165.85%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.76 (USD).Trend:Decrease 65.45% than previous quarter
Year 2020 Quarter 2: Earning Per Share 1.76 (USD).Trend:Increase 131.58% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.73 (USD).Trend:Increase 55.11% than previous quarter

Overall: increasing (259.21%). Fluctuation: **Significant** (high variation).



Analysis of 2020 financial statements shows consistent upward trends in liabilities on revenue (13.78%) and current assets on revenue (11.35%), with little fluctuation. However, the ratio of retained earnings to revenue increased dramatically (187.29%) with considerable volatility.  Investment efficiency (165.85%) and earnings per share (259.21%) also show significant increases and considerable quarter-to-quarter variations.