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 6302700000.0 (%).Trend:Increase 21.01% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 7537300000.0 (%).Trend:Increase 19.59% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 8675900000.0 (%).Trend:Increase 15.11% than previous quarter

Overall: increasing (37.65%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 35391500000.0 (%).Trend:Increase 2.48% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 39167200000.0 (%).Trend:Increase 10.67% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 42069900000.0 (%).Trend:Increase 7.41% than previous quarter

Overall: increasing (18.87%). 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 -14993800000.0 (%).Trend:Decrease 0.47% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -13073000000.0 (%).Trend:Decrease 12.81% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -11742800000.0 (%).Trend:Decrease 10.18% than previous quarter

Overall: increasing (-21.68%). 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 -28.26 (%).Trend:Decrease 2.99% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -23.24 (%).Trend:Decrease 17.76% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -19.95 (%).Trend:Decrease 14.16% than previous quarter

Overall: increasing (-29.41%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.22 (USD).Trend:Increase 10.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.34 (USD).Trend:Increase 54.55% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.74 (USD).Trend:Increase 117.65% than previous quarter

Overall: increasing (236.36%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2019 to Q2 2020 shows a generally positive trend in liabilities and current assets on revenue.  Cost efficiency (ratio of retained earnings to revenue) reveals a substantial, negative overall trend, implying improvements in cost management. Invest efficiency and earnings per share demonstrate substantial volatility, with considerable growth and fluctuations.