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 1953740100.0 (%).Trend:Increase 36.29% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 1848490500.0 (%).Trend:Decrease 5.39% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 1784022800.0 (%).Trend:Decrease 3.49% than previous quarter

Overall: decreasing (-8.69%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 4560311200.0 (%).Trend:Increase 8.2% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 4010102500.0 (%).Trend:Decrease 12.07% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 4278042200.0 (%).Trend:Increase 6.68% than previous quarter

Overall: decreasing (-6.19%). 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 716951700.0 (%).Trend:Decrease 21.16% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 182490500.0 (%).Trend:Decrease 74.55% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 387511900.0 (%).Trend:Increase 112.35% than previous quarter

Overall: decreasing (-45.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1620362400.0 (%).Trend:Decrease 61.75% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3051006400.0 (%).Trend:Increase 88.29% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4537907500.0 (%).Trend:Increase 48.73% than previous quarter

Overall: increasing (180.06%). 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 5.19 (%).Trend:Decrease 39.51% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 1.44 (%).Trend:Decrease 72.25% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 3.0 (%).Trend:Increase 108.33% than previous quarter

Overall: decreasing (-42.2%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q1 2020 to Q3 2020 show significant fluctuations. Working capital efficiency metrics display both increases and decreases. Cost efficiency, measured by the ratio of retained earnings to revenue, exhibits significant negative variation, with sharp declines followed by a substantial increase in the final quarter. Investment efficiency reveals similar negative volatility. Selling, general, and administrative (SG&A) expense ratios increase dramatically throughout the period, with marked fluctuations. The overall financial picture is one of instability and high variability in key metrics, warranting a detailed investigation for possible corrective actions.