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 58401000000.0 (%).Trend:Decrease 11.51% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 76804200000.0 (%).Trend:Increase 31.51% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 75349800000.0 (%).Trend:Decrease 1.89% than previous quarter

Overall: increasing (29.02%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 70946900000.0 (%).Trend:Decrease 12.33% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 96245400000.0 (%).Trend:Increase 35.66% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 101277300000.0 (%).Trend:Increase 5.23% than previous quarter

Overall: increasing (42.75%). Fluctuation: **Neutral** (moderate 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 71481600000.0 (%).Trend:Increase 4.47% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 74604800000.0 (%).Trend:Increase 4.37% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 76718800000.0 (%).Trend:Increase 2.83% than previous quarter

Overall: increasing (7.33%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9838500000.0 (%).Trend:Decrease 65.67% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19901700000.0 (%).Trend:Increase 102.28% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30920300000.0 (%).Trend:Increase 55.37% than previous quarter

Overall: increasing (214.28%). 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 32.09 (%).Trend:Increase 10.58% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 30.1 (%).Trend:Decrease 6.2% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 30.23 (%).Trend:Increase 0.43% than previous quarter

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

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.21 (USD).Trend:Decrease 76.67% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.7 (USD).Trend:Increase 233.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.11 (USD).Trend:Increase 58.57% than previous quarter

Overall: increasing (428.57%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2020 show a mixed financial picture. Working capital efficiency shows an increasing trend with fluctuating quarters. Cost efficiency, as measured by retained earnings to revenue, is generally increasing, although with limited variation.  SG&A expense ratios showed substantial growth, with notable fluctuations, and investment efficiency is decreasing. Earnings per share experienced substantial quarterly gains.