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 737164100000.0 (%).Trend:Decrease 0.09% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 791317800000.0 (%).Trend:Increase 7.35% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 813243200000.0 (%).Trend:Increase 2.77% than previous quarter

Overall: increasing (10.32%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 1183964800000.0 (%).Trend:Decrease 2.24% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 1158805800000.0 (%).Trend:Decrease 2.12% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 1179396800000.0 (%).Trend:Increase 1.78% than previous quarter

Overall: decreasing (-0.39%). Fluctuation: **Little** (low 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 601923500000.0 (%).Trend:Increase 1.55% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 614481600000.0 (%).Trend:Increase 2.09% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 627762000000.0 (%).Trend:Increase 2.16% than previous quarter

Overall: increasing (4.29%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 167773400000.0 (%).Trend:Increase 45.22% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 53383900000.0 (%).Trend:Decrease 68.18% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 103530900000.0 (%).Trend:Increase 93.94% than previous quarter

Overall: decreasing (-38.29%). 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 38.36 (%).Trend:Increase 3.7% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 39.92 (%).Trend:Increase 4.07% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 40.23 (%).Trend:Increase 0.78% than previous quarter

Overall: increasing (4.87%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share -3.75 (USD).Trend:Decrease 21.87% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.62 (USD).Trend:Decrease 116.53% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.29 (USD).Trend:Increase 269.35% than previous quarter

Overall: increasing (-161.07%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2019 to Q2 2020 show a complex financial picture.  Liabilities on revenue are trending upward with little fluctuation, while current assets on revenue are decreasing slightly.  Cost efficiency, as reflected in the ratio of retained earnings to revenue, is steadily rising. However, selling, general, and administrative (SG&A) expenses show significant fluctuations, declining substantially in Q1 2020 before increasing greatly in Q2 2020.  Investment efficiency, as measured by retained earnings on assets, continues the positive trend. Earnings per share demonstrate substantial and varied change, increasing from a negative value to a positive one by Q2 of 2020.