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 18230413100.0 (%).Trend:Increase 2.67% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 26395790400.0 (%).Trend:Increase 44.79% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 21763109700.0 (%).Trend:Decrease 17.55% than previous quarter

Overall: increasing (19.38%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 98749540400.0 (%).Trend:Increase 6.14% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 91072749600.0 (%).Trend:Decrease 7.77% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 85932668800.0 (%).Trend:Decrease 5.64% than previous quarter

Overall: decreasing (-12.98%). 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 110744954000.0 (%).Trend:Decrease 0.35% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 101831044600.0 (%).Trend:Decrease 8.05% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 98644276000.0 (%).Trend:Decrease 3.13% than previous quarter

Overall: decreasing (-10.93%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6301916700.0 (%).Trend:Increase 56.64% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2194489200.0 (%).Trend:Decrease 65.18% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4363498700.0 (%).Trend:Increase 98.84% than previous quarter

Overall: decreasing (-30.76%). 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 51.1 (%).Trend:Decrease 1.47% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 47.19 (%).Trend:Decrease 7.65% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 46.95 (%).Trend:Decrease 0.51% than previous quarter

Overall: decreasing (-8.12%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.27 (USD).Trend:Increase 54.88% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.36 (USD).Trend:Decrease 71.65% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.35 (USD).Trend:Decrease 2.78% than previous quarter

Overall: decreasing (-72.44%). Fluctuation: **Significant** (high variation).



From Q3 2019 to Q2 2020, liabilities on revenue increased (19.38%), with moderate fluctuation.  Current assets decreased (-12.98%) with low variation.  Cost efficiency shows a decline in retained earnings (-10.93%), and SG&A expenses decreased (-30.76%), but with high variation.  Investment efficiency indicators show decreases in retained earnings on assets (-8.12%) and earnings per share (-72.44%), again with significant fluctuation.