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 11923600000.0 (%).Trend:Increase 9.7% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 11664800000.0 (%).Trend:Decrease 2.17% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 10968100000.0 (%).Trend:Decrease 5.97% than previous quarter

Overall: decreasing (-8.01%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 24106400000.0 (%).Trend:Increase 9.89% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 22753300000.0 (%).Trend:Decrease 5.61% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 21093800000.0 (%).Trend:Decrease 7.29% than previous quarter

Overall: decreasing (-12.5%). 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 -74414000000.0 (%).Trend:Increase 2.0% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -86360700000.0 (%).Trend:Increase 16.05% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -88181100000.0 (%).Trend:Increase 2.11% than previous quarter

Overall: decreasing (18.5%). 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 -47.64 (%).Trend:Increase 2.17% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -62.54 (%).Trend:Increase 31.28% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -65.1 (%).Trend:Increase 4.09% than previous quarter

Overall: decreasing (36.65%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 50.0% than previous quarter

Overall: decreasing (200.0%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2019 to Q2 2020 indicates a generally negative trend in financial performance. Liabilities and current assets on revenue are showing decreasing trends with little fluctuation. Cost efficiency (ratio of retained earnings to revenue) exhibits a significant decrease, with substantial variation. Invest efficiency (retained earnings on assets) shows a substantial decrease and significant variation. Earning per share is also declining with high variability.  The results highlight a trend toward decreasing profitability.