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 8556900000.0 (%).Trend:Increase 9.88% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 10365100000.0 (%).Trend:Increase 21.13% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 11798300000.0 (%).Trend:Increase 13.83% than previous quarter

Overall: increasing (37.88%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 15145600000.0 (%).Trend:Increase 8.21% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 17507800000.0 (%).Trend:Increase 15.6% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 19178700000.0 (%).Trend:Increase 9.54% than previous quarter

Overall: increasing (26.63%). 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 -8615600000.0 (%).Trend:Decrease 0.9% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -8665300000.0 (%).Trend:Increase 0.58% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -8530000000.0 (%).Trend:Decrease 1.56% than previous quarter

Overall: increasing (-0.99%). Fluctuation: **Significant** (high variation).

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

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 -35.46 (%).Trend:Decrease 5.99% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -31.72 (%).Trend:Decrease 10.55% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -29.39 (%).Trend:Decrease 7.35% than previous quarter

Overall: increasing (-17.12%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for the third quarter of 2019 to the second quarter of 2020 indicates increasing liabilities and current assets on revenue with moderate fluctuation. Cost efficiency, indicated by the ratio of retained earnings to revenue, reveals a slight increase with considerable variation.  Investment efficiency, using retained earnings on assets, shows an overall increasing trend but with substantial volatility. The data points to potential opportunities for improvement in cost and investment efficiency, while working capital efficiency is strong.