Working Capital Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2020 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 2: Liabilities on Revenue 99680000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 103490000000.0 (%).Trend:Increase 3.82% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 100720000000.0 (%).Trend:Decrease 2.68% than previous quarter

Overall: increasing (1.04%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 231210000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 243310000000.0 (%).Trend:Increase 5.23% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 218930000000.0 (%).Trend:Decrease 10.02% than previous quarter

Overall: decreasing (-5.31%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2020 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 2: Ratio of Retained Earnings to Revenue 33600000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 40150000000.0 (%).Trend:Increase 19.49% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 49390000000.0 (%).Trend:Increase 23.01% than previous quarter

Overall: increasing (46.99%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42370000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 65520000000.0 (%).Trend:Increase 54.64% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19540000000.0 (%).Trend:Decrease 70.18% than previous quarter

Overall: decreasing (-53.88%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2020 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 2: Retained Earning on Assets 5.02 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 6.0 (%).Trend:Increase 19.52% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 7.73 (%).Trend:Increase 28.83% than previous quarter

Overall: increasing (53.98%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.61 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.89 (USD).Trend:Increase 45.9% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.22 (USD).Trend:Decrease 75.28% than previous quarter

Overall: decreasing (-63.93%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2019 to Q1 2020 show mixed trends.  Liabilities on revenue showed a slight overall increase. Current assets on revenue decreased, with low fluctuation. Cost efficiency, measured by the retained earnings ratio to revenue, increased considerably. Selling, general, and administrative (SG&A) expenses decreased significantly with high fluctuation. Investment efficiency showed an overall increase in retained earnings on assets with low fluctuation.  Earnings per share decreased with substantial fluctuation.