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 502732800.0 (%).Trend:Decrease 29.99% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 503500000.0 (%).Trend:Increase 0.15% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 46.85 (%).Trend:Decrease 100.0% than previous quarter

Overall: decreasing (-100.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 4774996400.0 (%).Trend:Decrease 8.32% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 3849500000.0 (%).Trend:Decrease 19.38% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 268.99 (%).Trend:Decrease 100.0% than previous quarter

Overall: decreasing (-100.0%). Fluctuation: **Significant** (high 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 -11949459500.0 (%).Trend:Increase 9.38% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -12972100000.0 (%).Trend:Increase 8.56% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -998.88 (%).Trend:Decrease 100.0% than previous quarter

Overall: increasing (-100.0%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 911909000.0 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 314100000.0 (%).Trend:Decrease 65.56% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 49.21 (%).Trend:Decrease 100.0% than previous quarter

Overall: decreasing (-100.0%). 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 -193.16 (%).Trend:Increase 24.73% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -201.23 (%).Trend:Increase 4.18% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -220.45 (%).Trend:Increase 9.55% than previous quarter

Overall: decreasing (14.13%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2019 to Q2 2020 shows significant volatility in working capital and cost efficiency.  Liabilities and current assets on revenue are decreasing with extremely large fluctuations. The ratio of retained earnings to revenue increases erratically.  SG&A expense ratio also experiences a drastic drop.  Investment efficiency, measured by retained earnings on assets, shows a decreasing trend with large fluctuations.