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 26395790400.0 (%).Trend:Increase 44.79% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 21763109700.0 (%).Trend:Decrease 17.55% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 23648917000.0 (%).Trend:Increase 8.67% than previous quarter

Overall: decreasing (-10.41%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 91072749600.0 (%).Trend:Decrease 7.77% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 85932668800.0 (%).Trend:Decrease 5.64% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 97531856600.0 (%).Trend:Increase 13.5% than previous quarter

Overall: increasing (7.09%). 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 101831044600.0 (%).Trend:Decrease 8.05% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 98644276000.0 (%).Trend:Decrease 3.13% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 104605285300.0 (%).Trend:Increase 6.04% than previous quarter

Overall: increasing (2.72%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2194489200.0 (%).Trend:Decrease 65.18% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4363498700.0 (%).Trend:Increase 98.84% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6520608000.0 (%).Trend:Increase 49.44% than previous quarter

Overall: increasing (197.14%). 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 47.19 (%).Trend:Decrease 7.65% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 46.95 (%).Trend:Decrease 0.51% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 47.71 (%).Trend:Increase 1.62% than previous quarter

Overall: increasing (1.1%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.36 (USD).Trend:Decrease 71.65% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.35 (USD).Trend:Decrease 2.78% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.83 (USD).Trend:Increase 137.14% than previous quarter

Overall: increasing (130.56%). Fluctuation: **Significant** (high variation).



The analysis of Q1 2020 to Q3 2020 reveals mixed results. While current assets and retained earnings on revenue show positive trends, the significant increase in SG&A expenses is alarming.  Liabilities on revenue decreased slightly, suggesting potential improvement in working capital. Earnings per share experienced substantial growth, although with considerable fluctuation.  Further investigation into the high variability of SG&A expenses and earnings per share is necessary.