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 829100000.0 (%).Trend:Decrease 8.41% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 772900000.0 (%).Trend:Decrease 6.78% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 645300000.0 (%).Trend:Decrease 16.51% than previous quarter

Overall: decreasing (-22.17%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 10834600000.0 (%).Trend:Decrease 5.1% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 10744500000.0 (%).Trend:Decrease 0.83% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 10256200000.0 (%).Trend:Decrease 4.54% than previous quarter

Overall: decreasing (-5.34%). 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 -17617300000.0 (%).Trend:Increase 7.57% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -22331300000.0 (%).Trend:Increase 26.76% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -23270000000.0 (%).Trend:Increase 4.2% than previous quarter

Overall: decreasing (32.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -125.28 (%).Trend:Increase 12.7% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -186.13 (%).Trend:Increase 48.57% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -202.09 (%).Trend:Increase 8.57% than previous quarter

Overall: decreasing (61.31%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of financial statements from Q3 2019 to Q2 2020 shows a mixed picture. Working capital efficiency demonstrates a slight downward trend with little fluctuation, both liabilities and current assets on revenue showing consistent decreases.  Cost efficiency displays a significant decrease in the ratio of retained earnings to revenue, with substantial fluctuations over the three quarters.  Invest efficiency also shows significant decreases in retained earnings on assets with high variability.  The data indicates a general downward trend in financial performance with notable variability.