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 319100000000.0 (%).Trend:Decrease 11.36% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 384900000000.0 (%).Trend:Increase 27.45% than previous quarter

Overall: increasing (20.62%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 694600000000.0 (%).Trend:Increase 12.83% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 805800000000.0 (%).Trend:Increase 17.7% than previous quarter

Overall: increasing (16.01%). 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 1611400000000.0 (%).Trend:Decrease 2.66% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 1606500000000.0 (%).Trend:Increase 1.38% than previous quarter

Overall: decreasing (-0.3%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39500000000.0 (%).Trend:Decrease 66.64% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 127600000000.0 (%).Trend:Increase 60.3% than previous quarter

Overall: increasing (223.04%). 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 57.84 (%).Trend:Decrease 4.52% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 53.08 (%).Trend:Decrease 7.74% than previous quarter

Overall: decreasing (-8.23%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.16 (USD).Trend:Decrease 114.55% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.25 (USD).Trend:Decrease 189.29% than previous quarter

Overall: increasing (-256.25%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2020 show a mixed picture. Working capital efficiency metrics, including liabilities and current assets on revenue, are generally positive, increasing by 20.62% and 16.01% respectively.  However, cost efficiency shows inconsistency, with the ratio of retained earnings to revenue declining negligibly and SG&A expense ratios increasing significantly (over 223%).  Investment efficiency (retained earnings on assets) shows a decreasing trend with little fluctuation. Earnings per share show significant fluctuations, though not clear whether these earnings are improving or declining. Further analysis is required for accurate interpretations.