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 1341100000.0 (%).Trend:Decrease 19.24% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 2061300000.0 (%).Trend:Increase 53.7% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 2374100000.0 (%).Trend:Increase 15.17% than previous quarter

Overall: increasing (77.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 6986100000.0 (%).Trend:Decrease 9.38% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 8570800000.0 (%).Trend:Increase 22.68% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 8567800000.0 (%).Trend:Decrease 0.04% than previous quarter

Overall: increasing (22.64%). 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 5244800000.0 (%).Trend:Increase 2.85% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 5524700000.0 (%).Trend:Increase 5.34% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 5642500000.0 (%).Trend:Increase 2.13% than previous quarter

Overall: increasing (7.58%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1152100000.0 (%).Trend:Decrease 64.74% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2319100000.0 (%).Trend:Increase 101.29% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3602300000.0 (%).Trend:Increase 55.33% than previous quarter

Overall: increasing (212.67%). 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 48.51 (%).Trend:Increase 8.65% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 44.72 (%).Trend:Decrease 7.81% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 45.87 (%).Trend:Increase 2.57% than previous quarter

Overall: decreasing (-5.44%). Fluctuation: **Little** (low variation).

Earning Per Share


2020 financial statements show mixed results. Liabilities on revenue are increasing significantly (77.03%), while current assets on revenue show a more modest increase (22.64%).  Cost efficiency shows a moderate increase in the ratio of retained earnings to revenue (7.58%), but SG&A expenses are rising substantially (212.67%). Investment efficiency is slightly declining (-5.44%).  The combination of increasing liabilities with rising operating costs and a modest increase in profitability suggests a need for further analysis to understand the underlying dynamics.