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 11950800000.0 (%).Trend:Decrease 72.43% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 15278300000.0 (%).Trend:Increase 27.84% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 17512600000.0 (%).Trend:Increase 14.62% than previous quarter

Overall: increasing (46.54%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 35940500000.0 (%).Trend:Increase 28.16% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 29796200000.0 (%).Trend:Decrease 17.1% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 25983200000.0 (%).Trend:Decrease 12.8% than previous quarter

Overall: decreasing (-27.7%). 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 19554100000.0 (%).Trend:Decrease 12.52% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 20908800000.0 (%).Trend:Increase 6.93% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 22014600000.0 (%).Trend:Increase 5.29% than previous quarter

Overall: increasing (12.58%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4344600000.0 (%).Trend:Decrease 71.31% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8830300000.0 (%).Trend:Increase 103.25% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12686400000.0 (%).Trend:Increase 43.67% than previous quarter

Overall: increasing (192.0%). 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 16.43 (%).Trend:Decrease 14.6% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 18.58 (%).Trend:Increase 13.09% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 20.18 (%).Trend:Increase 8.61% than previous quarter

Overall: increasing (22.82%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -1.94 (USD).Trend:Decrease 255.2% than previous quarter
Year 2020 Quarter 2: Earning Per Share -1.32 (USD).Trend:Decrease 31.96% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.81 (USD).Trend:Decrease 38.64% than previous quarter

Overall: increasing (-58.25%). Fluctuation: **Significant** (high variation).



2020 financial data shows mixed results. Liabilities on revenue are increasing, while current assets on revenue are decreasing, indicating a need to manage short-term resources. Cost efficiency (ratio of retained earnings to revenue) is showing a more stable increase.  However, selling, general, and administrative (SG&A) expense ratios are experiencing significant fluctuation, increasing substantially throughout the period, and earnings per share remain negative.  Overall, the data suggests potential challenges in managing working capital and controlling SG&A expenses.