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 2720100000000.0 (%).Trend:Decrease 1.93% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 2651600000000.0 (%).Trend:Decrease 2.52% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 2523100000000.0 (%).Trend:Decrease 4.85% than previous quarter

Overall: decreasing (-7.24%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 3916000000000.0 (%).Trend:Decrease 1.58% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 3758600000000.0 (%).Trend:Decrease 4.02% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 3786200000000.0 (%).Trend:Increase 0.73% than previous quarter

Overall: decreasing (-3.31%). 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 3447700000000.0 (%).Trend:Increase 4.54% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 3550400000000.0 (%).Trend:Increase 2.98% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 3484100000000.0 (%).Trend:Decrease 1.87% than previous quarter

Overall: increasing (1.06%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 387900000000.0 (%).Trend:Increase 47.6% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 112100000000.0 (%).Trend:Decrease 71.1% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 230000000000.0 (%).Trend:Increase 105.17% than previous quarter

Overall: decreasing (-40.71%). 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 44.21 (%).Trend:Increase 6.15% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 46.78 (%).Trend:Increase 5.81% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 45.5 (%).Trend:Decrease 2.74% than previous quarter

Overall: increasing (2.92%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 8.84 (USD).Trend:Increase 43.97% than previous quarter
Year 2020 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 77.38% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.85 (USD).Trend:Increase 42.5% than previous quarter

Overall: decreasing (-67.76%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2019 to Q2 2020 shows decreasing liabilities on revenue (-7.24%) and current assets (-3.31%), both with little fluctuation.  Cost efficiency shows a modest increase (1.06%) in the ratio of retained earnings to revenue with little variation.  A significant decrease (-40.71%) in SG&A expense ratio is observed.  Invest efficiency shows an increase (2.92%) in retained earnings on assets with little fluctuation. Earnings per share exhibit a substantial decrease (-67.76%) with high fluctuation.