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 9095600000.0 (%).Trend:Increase 15.2% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 7036000000.0 (%).Trend:Decrease 22.64% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 6429200000.0 (%).Trend:Decrease 8.62% than previous quarter

Overall: decreasing (-29.32%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 115266300000.0 (%).Trend:Decrease 8.78% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 89823600000.0 (%).Trend:Decrease 22.07% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 78538400000.0 (%).Trend:Decrease 12.56% than previous quarter

Overall: decreasing (-31.86%). Fluctuation: **Neutral** (moderate 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 -150000000000.0 (%).Trend:Increase 15.38% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -180000000000.0 (%).Trend:Increase 20.0% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -190000000000.0 (%).Trend:Increase 5.56% than previous quarter

Overall: decreasing (26.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26064800000.0 (%).Trend:Increase 51.41% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7013000000.0 (%).Trend:Decrease 73.09% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10835500000.0 (%).Trend:Increase 54.51% than previous quarter

Overall: decreasing (-58.43%). 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 -124.61 (%).Trend:Increase 26.1% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -190.48 (%).Trend:Increase 52.86% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -229.68 (%).Trend:Increase 20.58% than previous quarter

Overall: decreasing (84.32%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing Q3 2019 to Q2 2020, liabilities on revenue decreased (-29.32%) and current assets on revenue decreased (-31.86%), both with moderate fluctuation. Cost efficiency metrics displayed substantial variability: retained earnings to revenue decreased (26.67%), and the SG&A expense ratio decreased (-58.43%). Investment efficiency (retained earnings on assets) decreased significantly (84.32%).