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 6242800000.0 (%).Trend:Decrease 1.09% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 6996400000.0 (%).Trend:Increase 12.07% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21137400000.0 (%).Trend:Increase 202.12% than previous quarter

Overall: increasing (238.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 18060900000.0 (%).Trend:Increase 9.38% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 19057800000.0 (%).Trend:Increase 5.52% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 35005300000.0 (%).Trend:Increase 83.68% than previous quarter

Overall: increasing (93.82%). Fluctuation: **Significant** (high 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 -12926500000.0 (%).Trend:Increase 22.3% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -15107200000.0 (%).Trend:Increase 16.87% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -18771700000.0 (%).Trend:Increase 24.26% than previous quarter

Overall: decreasing (45.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2463200000.0 (%).Trend:Decrease 63.69% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5210200000.0 (%).Trend:Increase 111.52% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9378700000.0 (%).Trend:Increase 80.01% than previous quarter

Overall: increasing (280.75%). 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 -18.64 (%).Trend:Increase 24.68% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -21.8 (%).Trend:Increase 16.95% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -18.63 (%).Trend:Decrease 14.54% than previous quarter

Overall: increasing (-0.05%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.21 (USD).Trend:Increase 23.53% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.51 (USD).Trend:Increase 142.86% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.02 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (385.71%). Fluctuation: **Significant** (high variation).



From Q1 2020 to Q3 2020, the analysis shows significant increases in liabilities and current assets on revenue. The ratio of retained earnings to revenue showed a significant decrease, while SG&A expenses increased substantially. Retained earnings on assets increased slightly, but earnings per share decreased significantly, suggesting major financial instability.