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 9014000000.0 (%).Trend:Increase 4.54% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 10006300000.0 (%).Trend:Increase 11.01% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 9524700000.0 (%).Trend:Decrease 4.81% than previous quarter

Overall: increasing (5.67%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 45656200000.0 (%).Trend:Decrease 3.75% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 49711600000.0 (%).Trend:Increase 8.88% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 47535300000.0 (%).Trend:Decrease 4.38% than previous quarter

Overall: increasing (4.12%). 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 -70590800000.0 (%).Trend:Increase 6.59% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -72908200000.0 (%).Trend:Increase 3.28% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -76669400000.0 (%).Trend:Increase 5.16% than previous quarter

Overall: decreasing (8.61%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3967500000.0 (%).Trend:Decrease 64.06% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7951300000.0 (%).Trend:Increase 100.41% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11923200000.0 (%).Trend:Increase 49.95% than previous quarter

Overall: increasing (200.52%). 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 -77.26 (%).Trend:Increase 8.77% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -72.52 (%).Trend:Decrease 6.14% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -76.6 (%).Trend:Increase 5.63% than previous quarter

Overall: increasing (-0.85%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of financial statements from Q1 2020 to Q3 2020 demonstrates stability in working capital efficiency, with consistent growth in liabilities on revenue and current assets on revenue. However, cost efficiency reveals significant fluctuations, including significant variations in retained earnings on revenue and the selling, general, and administrative expense ratio. Investment efficiency, as measured by retained earnings on assets, also shows high variation.