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 111051900000.0 (%).Trend:Increase 13.49% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 147767100000.0 (%).Trend:Increase 33.06% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 101745300000.0 (%).Trend:Decrease 31.14% than previous quarter

Overall: decreasing (-8.38%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 227218400000.0 (%).Trend:Increase 6.82% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 277449100000.0 (%).Trend:Increase 22.11% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 251713500000.0 (%).Trend:Decrease 9.28% than previous quarter

Overall: increasing (10.78%). 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 619883600000.0 (%).Trend:Increase 3.14% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 662670300000.0 (%).Trend:Increase 6.9% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 675168600000.0 (%).Trend:Increase 1.89% than previous quarter

Overall: increasing (8.92%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 46128900000.0 (%).Trend:Increase 49.3% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14553100000.0 (%).Trend:Decrease 68.45% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26126800000.0 (%).Trend:Increase 79.53% than previous quarter

Overall: decreasing (-43.36%). 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 67.23 (%).Trend:Increase 1.46% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 62.5 (%).Trend:Decrease 7.04% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 65.48 (%).Trend:Increase 4.77% than previous quarter

Overall: decreasing (-2.6%). Fluctuation: **Little** (low variation).

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

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2019 to Q2 2020 shows mixed trends. Liabilities on revenue show a slight overall decrease, while current assets on revenue experienced an increase. The ratio of retained earnings to revenue shows a moderate increase. The SG&A expense ratio displays high variation, initially increasing, then decreasing significantly. Investment efficiency shows a slight overall decrease in retained earnings on assets, while earnings per share show inconsistent trends, with significant fluctuations.