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 18453700000.0 (%).Trend:Decrease 1.19% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 15402700000.0 (%).Trend:Decrease 16.53% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 17673900000.0 (%).Trend:Increase 14.75% than previous quarter

Overall: decreasing (-4.23%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 31110400000.0 (%).Trend:Decrease 16.87% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 28065000000.0 (%).Trend:Decrease 9.79% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 29449400000.0 (%).Trend:Increase 4.93% than previous quarter

Overall: decreasing (-5.34%). 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 15802500000.0 (%).Trend:Decrease 28.23% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 15085400000.0 (%).Trend:Decrease 4.54% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 13983800000.0 (%).Trend:Decrease 7.3% than previous quarter

Overall: decreasing (-11.51%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5251100000.0 (%).Trend:Decrease 73.31% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9646800000.0 (%).Trend:Increase 83.71% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14835300000.0 (%).Trend:Increase 53.78% than previous quarter

Overall: increasing (182.52%). 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 24.65 (%).Trend:Decrease 27.09% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 25.29 (%).Trend:Increase 2.6% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 23.67 (%).Trend:Decrease 6.41% than previous quarter

Overall: decreasing (-3.98%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -1.19 (USD).Trend:Decrease 174.84% than previous quarter
Year 2020 Quarter 2: Earning Per Share -1.48 (USD).Trend:Increase 24.37% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.64 (USD).Trend:Increase 10.81% than previous quarter

Overall: decreasing (37.82%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2020 show a mixed picture.  Working capital efficiency is declining, with both liabilities and current assets on revenue decreasing. Cost efficiency is marked by a notable increase in SG&A expense ratio, showing high variation.  Investment efficiency displays a modest decrease in retained earnings on assets, with little fluctuation.  Earnings per share are consistently negative, trending downward with substantial variation.