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 26395790400.0 (%).Trend:Increase 44.79% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 21763109700.0 (%).Trend:Decrease 17.55% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 23648917000.0 (%).Trend:Increase 8.67% than previous quarter

Overall: decreasing (-10.41%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 91072749600.0 (%).Trend:Decrease 7.77% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 85932668800.0 (%).Trend:Decrease 5.64% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 97531856600.0 (%).Trend:Increase 13.5% than previous quarter

Overall: increasing (7.09%). 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 101831044600.0 (%).Trend:Decrease 8.05% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 98644276000.0 (%).Trend:Decrease 3.13% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 104605285300.0 (%).Trend:Increase 6.04% than previous quarter

Overall: increasing (2.72%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2194489200.0 (%).Trend:Decrease 65.18% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4363498700.0 (%).Trend:Increase 98.84% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6520608000.0 (%).Trend:Increase 49.44% than previous quarter

Overall: increasing (197.14%). 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 47.19 (%).Trend:Decrease 7.65% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 46.95 (%).Trend:Decrease 0.51% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 47.71 (%).Trend:Increase 1.62% than previous quarter

Overall: increasing (1.1%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.36 (USD).Trend:Decrease 71.65% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.35 (USD).Trend:Decrease 2.78% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.83 (USD).Trend:Increase 137.14% than previous quarter

Overall: increasing (130.56%). Fluctuation: **Significant** (high variation).



From Q1 2020 to Q3 2020, liabilities on revenue decreased overall (-10.41%), while current assets on revenue increased (7.09%).  Retained earnings to revenue also increased (2.72%), showing improved cost efficiency, although SG&A expense ratio increased significantly (197.14%), indicating high variability. Investment efficiency showed a slight increase in retained earnings on assets (1.1%), but earnings per share increased dramatically (130.56%), again highlighting significant fluctuation.