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 19054500000.0 (%).Trend:Decrease 3.41% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 20010300000.0 (%).Trend:Increase 5.02% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21175200000.0 (%).Trend:Increase 5.82% than previous quarter

Overall: increasing (11.13%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 34155400000.0 (%).Trend:Decrease 0.63% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 32768200000.0 (%).Trend:Decrease 4.06% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 32939700000.0 (%).Trend:Increase 0.52% than previous quarter

Overall: decreasing (-3.56%). 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 -17084500000.0 (%).Trend:Increase 13.04% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -20010100000.0 (%).Trend:Increase 17.12% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -21756000000.0 (%).Trend:Increase 8.73% than previous quarter

Overall: decreasing (27.34%). 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 -41.65 (%).Trend:Increase 17.69% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -51.31 (%).Trend:Increase 23.19% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -55.94 (%).Trend:Increase 9.02% than previous quarter

Overall: decreasing (34.31%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.51 (USD).Trend:Decrease 63.83% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.89 (USD).Trend:Increase 74.51% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.11 (USD).Trend:Increase 24.72% than previous quarter

Overall: decreasing (117.65%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2020 reveal several trends.  Liabilities as a percentage of revenue are increasing slightly, with minor fluctuations.  Current assets as a percentage of revenue are decreasing, also exhibiting little variation.  A significant negative trend exists in the ratio of retained earnings to revenue.  Similarly, retained earnings on assets are trending downwards with considerable fluctuation. Finally, earnings per share are declining significantly.