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 17960900000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 18676500000.0 (%).Trend:Increase 3.98% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 18453700000.0 (%).Trend:Decrease 1.19% than previous quarter

Overall: increasing (2.74%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 36931400000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 37424000000.0 (%).Trend:Increase 1.33% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 31110400000.0 (%).Trend:Decrease 16.87% than previous quarter

Overall: decreasing (-15.76%). 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 22453600000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 22017000000.0 (%).Trend:Decrease 1.94% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 15802500000.0 (%).Trend:Decrease 28.23% than previous quarter

Overall: decreasing (-29.62%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13205600000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19673700000.0 (%).Trend:Increase 48.98% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5251100000.0 (%).Trend:Decrease 73.31% than previous quarter

Overall: decreasing (-60.24%). 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 34.16 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 33.81 (%).Trend:Decrease 1.02% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 24.65 (%).Trend:Decrease 27.09% than previous quarter

Overall: decreasing (-27.84%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.34 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 1.59 (USD).Trend:Increase 18.66% than previous quarter
Year 2020 Quarter 1: Earning Per Share -1.19 (USD).Trend:Decrease 174.84% than previous quarter

Overall: decreasing (-188.81%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2019 to Q1 2020 reveal mostly declining trends. Liabilities on revenue show a slight increase, while current assets on revenue decline substantially. Cost efficiency, as measured by retained earnings to revenue, displays a strong decrease. SG&A expense ratio also demonstrates a large decrease with significant fluctuation.  Investment efficiency and earnings per share also declined significantly.