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 1017700000000.0 (%).Trend:Increase 20.92% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 972700000000.0 (%).Trend:Decrease 4.42% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 1010900000000.0 (%).Trend:Increase 3.93% than previous quarter

Overall: decreasing (-0.67%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 1312800000000.0 (%).Trend:Increase 21.15% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 1317900000000.0 (%).Trend:Increase 0.39% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 1455200000000.0 (%).Trend:Increase 10.42% than previous quarter

Overall: increasing (10.85%). 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 901100000000.0 (%).Trend:Decrease 6.61% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 965200000000.0 (%).Trend:Increase 7.11% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 1039400000000.0 (%).Trend:Increase 7.69% than previous quarter

Overall: increasing (15.35%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 20.86 (%).Trend:Decrease 12.32% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 22.2 (%).Trend:Increase 6.42% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 23.22 (%).Trend:Increase 4.59% than previous quarter

Overall: increasing (11.31%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 5.0 (USD).Trend:Decrease 66.67% than previous quarter
Year 2020 Quarter 2: Earning Per Share 11.0 (USD).Trend:Increase 120.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 17.0 (USD).Trend:Increase 54.55% than previous quarter

Overall: increasing (240.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2020 to Q3 2020 shows a mixed financial picture.  Working capital efficiency exhibited slight fluctuations, with a decrease in liabilities and an increase in current assets.  Cost efficiency, measured by the ratio of retained earnings to revenue, steadily increased.  Investment efficiency, indicated by retained earnings on assets, also increased steadily. Earnings per share, however, shows a significant increase in Q2 and Q3 after a major decline in Q1.