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 9900200000.0 (%).Trend:Increase 5.9% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 9878100000.0 (%).Trend:Decrease 0.22% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 9666600000.0 (%).Trend:Decrease 2.14% than previous quarter

Overall: decreasing (-2.36%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 19063000000.0 (%).Trend:Increase 0.5% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 17455200000.0 (%).Trend:Decrease 8.43% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 18244100000.0 (%).Trend:Increase 4.52% than previous quarter

Overall: decreasing (-4.3%). 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 -14386400000.0 (%).Trend:Increase 2.3% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -15801500000.0 (%).Trend:Increase 9.84% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -15934900000.0 (%).Trend:Increase 0.84% than previous quarter

Overall: decreasing (10.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4588100000.0 (%).Trend:Decrease 66.36% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8813500000.0 (%).Trend:Increase 92.09% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12893900000.0 (%).Trend:Increase 46.3% than previous quarter

Overall: increasing (181.03%). 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 -37.18 (%).Trend:Increase 4.17% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -44.87 (%).Trend:Increase 20.68% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -44.53 (%).Trend:Decrease 0.76% than previous quarter

Overall: decreasing (19.77%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing Q1 2020 to Q3 2020 data reveals little fluctuation in working capital efficiency metrics: liabilities on revenue decreased (-2.36%), and current assets on revenue decreased (-4.3%). However, cost efficiency shows significant variation, with retained earnings to revenue decreasing (10.76%), and SG&A expense ratio increasing significantly (181.03%). Investment efficiency also showed significant variation in retained earnings on assets (-19.77%).