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 12071600000.0 (%).Trend:Decrease 2.31% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 10748100000.0 (%).Trend:Decrease 10.96% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 11312300000.0 (%).Trend:Increase 5.25% than previous quarter

Overall: decreasing (-6.29%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 23548000000.0 (%).Trend:Decrease 6.6% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 20716900000.0 (%).Trend:Decrease 12.02% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 21081600000.0 (%).Trend:Increase 1.76% than previous quarter

Overall: decreasing (-10.47%). 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 13127500000.0 (%).Trend:Increase 2.39% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 15565900000.0 (%).Trend:Increase 18.57% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 15618200000.0 (%).Trend:Increase 0.34% than previous quarter

Overall: increasing (18.97%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6703600000.0 (%).Trend:Increase 49.73% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2132500000.0 (%).Trend:Decrease 68.19% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4088700000.0 (%).Trend:Increase 91.73% than previous quarter

Overall: decreasing (-39.01%). 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 33.13 (%).Trend:Increase 7.7% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 39.0 (%).Trend:Increase 17.72% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 39.3 (%).Trend:Increase 0.77% than previous quarter

Overall: increasing (18.62%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 1.57 (USD).Trend:Increase 23.62% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.18 (USD).Trend:Decrease 111.46% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.13 (USD).Trend:Decrease 27.78% than previous quarter

Overall: decreasing (-108.28%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2019 to Q2 2020 reveals a mixed picture. Liabilities and current assets on revenue are declining, while the ratio of retained earnings to revenue is rising.  SG&A expense ratio is fluctuating significantly and earning per share is decreasing substantially.  Retained earnings on assets show a steady increase. Further analysis is needed to understand the causes and implications of these trends, including data quality checks and outlier exclusion.