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 4380000000.0 (%).Trend:Increase 22.12% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 2044100000.0 (%).Trend:Decrease 53.33% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 2174400000.0 (%).Trend:Increase 6.37% than previous quarter

Overall: decreasing (-50.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 15727700000.0 (%).Trend:Increase 7.51% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 13500400000.0 (%).Trend:Decrease 14.16% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 12702400000.0 (%).Trend:Decrease 5.91% than previous quarter

Overall: decreasing (-19.24%). Fluctuation: **Neutral** (moderate 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 15393300000.0 (%).Trend:Increase 1.37% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 15638600000.0 (%).Trend:Increase 1.59% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 14514800000.0 (%).Trend:Decrease 7.19% than previous quarter

Overall: decreasing (-5.71%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6997400000.0 (%).Trend:Increase 51.6% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2183600000.0 (%).Trend:Decrease 68.79% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4234000000.0 (%).Trend:Increase 93.9% than previous quarter

Overall: decreasing (-39.49%). 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 52.56 (%).Trend:Decrease 1.07% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 58.18 (%).Trend:Increase 10.69% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 55.75 (%).Trend:Decrease 4.18% than previous quarter

Overall: increasing (6.07%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.21 (USD).Trend:Increase 120.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 90.08% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.79 (USD).Trend:Decrease 758.33% than previous quarter

Overall: decreasing (-165.29%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2019 to Q2 2020 reveals a significant decrease in liabilities on revenue (-50.36%), with high fluctuation.  Current assets on revenue decreased (-19.24%), showing moderate variation. Cost efficiency shows a slight decrease in the ratio of retained earnings to revenue (-5.71%) with low variation.  Selling, general, and administrative (SG&A) expense ratio decreased (-39.49%) with high variation. Investment efficiency shows an increase (6.07%) in retained earnings on assets with low variation. Earnings per share decreased substantially (-165.29%), with significant fluctuation.