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 8622500000.0 (%).Trend:Decrease 4.42% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 9014000000.0 (%).Trend:Increase 4.54% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 10006300000.0 (%).Trend:Increase 11.01% than previous quarter

Overall: increasing (16.05%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 47437300000.0 (%).Trend:Decrease 2.39% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 45656200000.0 (%).Trend:Decrease 3.75% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 49711600000.0 (%).Trend:Increase 8.88% than previous quarter

Overall: increasing (4.79%). 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 -66226800000.0 (%).Trend:Increase 2.3% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -70590800000.0 (%).Trend:Increase 6.59% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -72908200000.0 (%).Trend:Increase 3.28% than previous quarter

Overall: decreasing (10.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11039600000.0 (%).Trend:Increase 48.33% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3967500000.0 (%).Trend:Decrease 64.06% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7951300000.0 (%).Trend:Increase 100.41% than previous quarter

Overall: decreasing (-27.97%). 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 -71.03 (%).Trend:Increase 4.13% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -77.26 (%).Trend:Increase 8.77% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -72.52 (%).Trend:Decrease 6.14% than previous quarter

Overall: decreasing (2.1%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2019 to Q2 2020 displays mixed results. Working capital efficiency, measured by liabilities and current assets on revenue, shows a slight overall increase with little fluctuation.  Cost efficiency, indicated by the ratio of retained earnings to revenue and selling, general, and administrative expenses, reveals significant volatility and a declining trend. Investment efficiency, measured by retained earnings on assets, also shows considerable variation and an overall negative trend.