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 30680000000.0 (%).Trend:Increase 5.9% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 28130000000.0 (%).Trend:Decrease 8.31% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 26140000000.0 (%).Trend:Decrease 7.07% than previous quarter

Overall: decreasing (-14.8%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 69760000000.0 (%).Trend:Decrease 4.62% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 78170000000.0 (%).Trend:Increase 12.06% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 78920000000.0 (%).Trend:Increase 0.96% than previous quarter

Overall: increasing (13.13%). 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 63460000000.0 (%).Trend:Decrease 1.04% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 84550000000.0 (%).Trend:Increase 33.23% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 83360000000.0 (%).Trend:Decrease 1.41% than previous quarter

Overall: increasing (31.36%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25570000000.0 (%).Trend:Increase 49.01% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7320000000.0 (%).Trend:Decrease 71.37% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14140000000.0 (%).Trend:Increase 93.17% than previous quarter

Overall: decreasing (-44.7%). 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 30.66 (%).Trend:Decrease 17.51% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 41.41 (%).Trend:Increase 35.06% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 40.56 (%).Trend:Decrease 2.05% than previous quarter

Overall: increasing (32.29%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.71 (USD).Trend:Decrease 4.47% than previous quarter
Year 2020 Quarter 1: Earning Per Share 10.62 (USD).Trend:Increase 521.05% than previous quarter
Year 2020 Quarter 2: Earning Per Share 10.32 (USD).Trend:Decrease 2.82% than previous quarter

Overall: increasing (503.51%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2019 to Q2 2020 shows a slight decrease in liabilities on revenue (-14.8%) and a modest increase in current assets (13.13%).  The ratio of retained earnings to revenue increased substantially (31.36%), while the SG&A expense ratio decreased significantly (-44.7%). Investment efficiency shows a notable increase in retained earnings on assets (32.29%) and a significant increase in earning per share (503.51%).