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 2348300000000.0 (%).Trend:Increase 13.53% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 2217800000000.0 (%).Trend:Decrease 5.56% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 2040500000000.0 (%).Trend:Decrease 7.99% than previous quarter

Overall: decreasing (-13.11%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 2617400000000.0 (%).Trend:Increase 0.12% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 2934300000000.0 (%).Trend:Increase 12.11% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 2657700000000.0 (%).Trend:Decrease 9.43% than previous quarter

Overall: increasing (1.54%). 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 4827200000000.0 (%).Trend:Increase 5.39% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 4972400000000.0 (%).Trend:Increase 3.01% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 5110700000000.0 (%).Trend:Increase 2.78% than previous quarter

Overall: increasing (5.87%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 255500000000.0 (%).Trend:Decrease 66.93% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 493300000000.0 (%).Trend:Increase 93.07% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 738300000000.0 (%).Trend:Increase 49.67% than previous quarter

Overall: increasing (188.96%). 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 56.85 (%).Trend:Increase 3.42% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 54.87 (%).Trend:Decrease 3.48% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 56.91 (%).Trend:Increase 3.72% than previous quarter

Overall: increasing (0.11%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 1.27 (USD).Trend:Decrease 56.36% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.46 (USD).Trend:Increase 93.7% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.62 (USD).Trend:Increase 47.15% than previous quarter

Overall: increasing (185.04%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2020 shows mixed performance. Liabilities on revenue saw a decreasing trend with low volatility. Current assets on revenue demonstrated both increases and decreases, with low volatility. The ratio of retained earnings to revenue increased steadily with minimal fluctuation. Selling, general, and administrative expenses showed a considerable increase, indicative of notable volatility. Investment efficiency in retained earnings on assets rose slightly. Earnings per share showed a significant increase, characterized by high volatility.