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 557400000.0 (%).Trend:Increase 3.22% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 363500000.0 (%).Trend:Decrease 34.79% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 432500000.0 (%).Trend:Increase 18.98% than previous quarter

Overall: decreasing (-22.41%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 1021100000.0 (%).Trend:Decrease 25.14% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 879000000.0 (%).Trend:Decrease 13.92% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 522900000.0 (%).Trend:Decrease 40.51% than previous quarter

Overall: decreasing (-48.79%). 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 -9372800000.0 (%).Trend:Increase 4.69% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -10530000000.0 (%).Trend:Increase 12.35% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -10970000000.0 (%).Trend:Increase 4.18% than previous quarter

Overall: decreasing (17.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 752300000.0 (%).Trend:Increase 46.42% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 220000000.0 (%).Trend:Decrease 70.76% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 418700000.0 (%).Trend:Increase 90.32% than previous quarter

Overall: decreasing (-44.34%). 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 -436.27 (%).Trend:Increase 21.99% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -618.47 (%).Trend:Increase 41.76% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -755.82 (%).Trend:Increase 22.21% than previous quarter

Overall: decreasing (73.25%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q3 2019 to Q2 2020 show declining trends in working capital efficiency, cost efficiency, and investment efficiency.  Liabilities on revenue increased slightly in Q3 2019 and then dropped significantly in Q1 2020, before rising again in Q2 2020.  Current assets on revenue showed a substantial decrease over the period. The ratio of retained earnings to revenue decreased substantially throughout the period. Selling, general, and administrative (SG&A) expenses also decreased.  Retained earnings on assets also decreased sharply.  Fluctuations in all metrics are significant.