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 1953740100.0 (%).Trend:Increase 36.29% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 1848490500.0 (%).Trend:Decrease 5.39% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 1784022800.0 (%).Trend:Decrease 3.49% than previous quarter

Overall: decreasing (-8.69%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 4560311200.0 (%).Trend:Increase 8.2% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 4010102500.0 (%).Trend:Decrease 12.07% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 4278042200.0 (%).Trend:Increase 6.68% than previous quarter

Overall: decreasing (-6.19%). 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 716951700.0 (%).Trend:Decrease 21.16% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 182490500.0 (%).Trend:Decrease 74.55% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 387511900.0 (%).Trend:Increase 112.35% than previous quarter

Overall: decreasing (-45.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1620362400.0 (%).Trend:Decrease 61.75% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3051006400.0 (%).Trend:Increase 88.29% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4537907500.0 (%).Trend:Increase 48.73% than previous quarter

Overall: increasing (180.06%). 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 5.19 (%).Trend:Decrease 39.51% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 1.44 (%).Trend:Decrease 72.25% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 3.0 (%).Trend:Increase 108.33% than previous quarter

Overall: decreasing (-42.2%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q1-Q3 2020 show declining trends in working capital efficiency with liabilities and current assets on revenue.  Cost efficiency reveals a significant decrease in retained earnings to revenue ratio and a significant increase in SG&A expense ratio.  Investment efficiency shows a substantial decrease in retained earnings on assets. These mixed results indicate a need for further analysis to understand the underlying causes and potential corrective actions.