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 1433567000.0 (%).Trend:Decrease 12.1% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 1953740100.0 (%).Trend:Increase 36.29% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 1848490500.0 (%).Trend:Decrease 5.39% than previous quarter

Overall: increasing (28.94%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 4214812400.0 (%).Trend:Increase 4.99% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 4560311200.0 (%).Trend:Increase 8.2% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 4010102500.0 (%).Trend:Decrease 12.07% than previous quarter

Overall: decreasing (-4.86%). 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 909412100.0 (%).Trend:Increase 14.26% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 716951700.0 (%).Trend:Decrease 21.16% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 182490500.0 (%).Trend:Decrease 74.55% than previous quarter

Overall: decreasing (-79.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4236101800.0 (%).Trend:Increase 52.06% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1620362400.0 (%).Trend:Decrease 61.75% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3051006400.0 (%).Trend:Increase 88.29% than previous quarter

Overall: decreasing (-27.98%). 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 8.58 (%).Trend:Increase 12.16% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 5.19 (%).Trend:Decrease 39.51% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 1.44 (%).Trend:Decrease 72.25% than previous quarter

Overall: decreasing (-83.22%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q3 2019 to Q2 2020 indicates a mixed financial picture. Liabilities on revenue are increasing (28.94%), while current assets on revenue are decreasing (-4.86%). Cost efficiency shows a considerable decrease in the retained earnings to revenue ratio (-79.93%) and a significant decrease in the SG&A expense ratio (-27.98%).  Investment efficiency demonstrates a significant decline (-83.22%). This pattern warrants detailed investigation into the underlying factors.