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 51583700000.0 (%).Trend:Increase 9.2% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 44891900000.0 (%).Trend:Decrease 12.97% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 56521000000.0 (%).Trend:Increase 25.9% than previous quarter

Overall: increasing (9.57%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 61451500000.0 (%).Trend:Increase 11.72% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 48099900000.0 (%).Trend:Decrease 21.73% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 59246600000.0 (%).Trend:Increase 23.17% than previous quarter

Overall: decreasing (-3.59%). 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 -140573700000.0 (%).Trend:Increase 18.41% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -160512800000.0 (%).Trend:Increase 14.18% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -164251200000.0 (%).Trend:Increase 2.33% than previous quarter

Overall: decreasing (16.84%). Fluctuation: **Significant** (high 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 -33.6 (%).Trend:Increase 26.46% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -40.26 (%).Trend:Increase 19.82% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -40.12 (%).Trend:Decrease 0.35% than previous quarter

Overall: decreasing (19.4%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share -0.45 (USD).Trend:Increase 800.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.94 (USD).Trend:Increase 108.89% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.04 (USD).Trend:Increase 10.64% than previous quarter

Overall: decreasing (131.11%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2020 reveal significant volatility in key metrics.  Working capital efficiency (liabilities and current assets on revenue) exhibits mixed trends, with increases and decreases in both categories. Cost efficiency (ratio of retained earnings to revenue) shows a consistent decrease.  Investment efficiency (retained earnings on assets) is also consistently decreasing. Earnings per share also show a consistent downward trend. The data strongly suggests substantial instability, and outliers or further investigations are necessary to understand the root cause of the fluctuating performance.