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 131202200000.0 (%).Trend:Increase 18.68% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 101729900000.0 (%).Trend:Decrease 22.46% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 105247600000.0 (%).Trend:Increase 3.46% than previous quarter

Overall: decreasing (-19.78%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 164957700000.0 (%).Trend:Increase 50.66% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 111868900000.0 (%).Trend:Decrease 32.18% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 135494600000.0 (%).Trend:Increase 21.12% than previous quarter

Overall: decreasing (-17.86%). Fluctuation: **Neutral** (moderate 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 -563428300000.0 (%).Trend:Increase 4.79% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -577148100000.0 (%).Trend:Increase 2.44% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -590741700000.0 (%).Trend:Increase 2.36% than previous quarter

Overall: decreasing (4.85%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12370400000.0 (%).Trend:Decrease 68.02% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22339200000.0 (%).Trend:Increase 80.59% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33026300000.0 (%).Trend:Increase 47.84% than previous quarter

Overall: increasing (166.98%). 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 -92.0 (%).Trend:Increase 7.24% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -103.73 (%).Trend:Increase 12.75% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -101.83 (%).Trend:Decrease 1.83% than previous quarter

Overall: decreasing (10.68%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.6 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.89 (USD).Trend:Increase 48.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.19 (USD).Trend:Increase 33.71% than previous quarter

Overall: decreasing (98.33%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2020 to Q3 2020 shows a mixed but predominantly negative picture. Liabilities and current assets on revenue demonstrate decreasing trends with moderate fluctuation. Cost efficiency, as measured by retained earnings-to-revenue, exhibits a substantial negative trend and considerable variation. Investment efficiency, represented by retained earnings on assets, also declines, showcasing significant volatility. Earnings per share display a consistent downward trend and substantial fluctuation. The selling, general, and administrative (SG&A) expense ratio stands out as an exception, showing a substantial and volatile increase.