Working Capital Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2020 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 3: Liabilities on Revenue 2013100000000.0 (%).Trend:Increase 1.02% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 2207800000000.0 (%).Trend:Increase 9.67% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 2382700000000.0 (%).Trend:Increase 7.92% than previous quarter

Overall: increasing (18.36%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 1919800000000.0 (%).Trend:Increase 11.54% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 2426800000000.0 (%).Trend:Increase 26.41% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 2318900000000.0 (%).Trend:Decrease 4.45% than previous quarter

Overall: increasing (20.79%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2020 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 6151400000000.0 (%).Trend:Increase 1.25% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 6192000000000.0 (%).Trend:Increase 0.66% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 6214500000000.0 (%).Trend:Increase 0.36% than previous quarter

Overall: increasing (1.03%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1814300000000.0 (%).Trend:Increase 57.71% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 583000000000.0 (%).Trend:Decrease 67.87% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1236800000000.0 (%).Trend:Increase 112.14% than previous quarter

Overall: decreasing (-31.83%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2020 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 3: Retained Earning on Assets 79.43 (%).Trend:Decrease 1.83% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 72.79 (%).Trend:Decrease 8.36% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 69.42 (%).Trend:Decrease 4.63% than previous quarter

Overall: decreasing (-12.6%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 3.96 (USD).Trend:Increase 60.98% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.96 (USD).Trend:Decrease 75.76% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.15 (USD).Trend:Increase 123.96% than previous quarter

Overall: decreasing (-45.71%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2019 to Q2 2020 financial data reveals a complex picture. Liabilities on revenue and current assets on revenue are both trending upward, albeit with some fluctuation. Cost efficiency, as measured by the ratio of retained earnings to revenue, exhibits modest growth. However, the selling, general, and administrative (SG&A) expense ratio is highly volatile, showing a considerable decrease followed by a sharp increase. Investment efficiency, as indicated by retained earnings on assets, is trending downward. Earnings per share are experiencing substantial fluctuations, starting with a decrease and rebounding to an increase in the subsequent quarter.  The erratic behavior of the SG&A ratio and earnings per share necessitates further investigation into the underlying factors.