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 2651600000000.0 (%).Trend:Decrease 2.52% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 2523100000000.0 (%).Trend:Decrease 4.85% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 2497800000000.0 (%).Trend:Decrease 1.0% than previous quarter

Overall: decreasing (-5.8%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 3758600000000.0 (%).Trend:Decrease 4.02% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 3786200000000.0 (%).Trend:Increase 0.73% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 3853400000000.0 (%).Trend:Increase 1.77% than previous quarter

Overall: increasing (2.52%). 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 3550400000000.0 (%).Trend:Increase 2.98% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 3484100000000.0 (%).Trend:Decrease 1.87% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 3550800000000.0 (%).Trend:Increase 1.91% than previous quarter

Overall: increasing (0.01%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 112100000000.0 (%).Trend:Decrease 71.1% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 230000000000.0 (%).Trend:Increase 105.17% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 342600000000.0 (%).Trend:Increase 48.96% than previous quarter

Overall: increasing (205.62%). 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 46.78 (%).Trend:Increase 5.81% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 45.5 (%).Trend:Decrease 2.74% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 46.27 (%).Trend:Increase 1.69% than previous quarter

Overall: decreasing (-1.09%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 77.38% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.85 (USD).Trend:Increase 42.5% than previous quarter
Year 2020 Quarter 3: Earning Per Share 4.08 (USD).Trend:Increase 43.16% than previous quarter

Overall: increasing (104.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 to Q3 2020 reveals varied performance. Liabilities on revenue consistently decreased, while current assets showed an overall increase. Cost efficiency, measured by the ratio of retained earnings to revenue, had minimal change, with some upward and downward fluctuations. Selling, General & Administrative (SG&A) expense ratio increased significantly, while investment efficiency, measured by retained earnings on assets, had a slightly negative trend. Earnings per share showed considerable volatility, with increases in Q2 and Q3.