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 2773500000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 2720100000000.0 (%).Trend:Decrease 1.93% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 2651600000000.0 (%).Trend:Decrease 2.52% than previous quarter

Overall: decreasing (-4.4%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 3978900000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 3916000000000.0 (%).Trend:Decrease 1.58% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 3758600000000.0 (%).Trend:Decrease 4.02% than previous quarter

Overall: decreasing (-5.54%). 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 3298100000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 3447700000000.0 (%).Trend:Increase 4.54% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 3550400000000.0 (%).Trend:Increase 2.98% than previous quarter

Overall: increasing (7.65%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 262800000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 387900000000.0 (%).Trend:Increase 47.6% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 112100000000.0 (%).Trend:Decrease 71.1% than previous quarter

Overall: decreasing (-57.34%). 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 41.65 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 44.21 (%).Trend:Increase 6.15% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 46.78 (%).Trend:Increase 5.81% than previous quarter

Overall: increasing (12.32%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 6.14 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 8.84 (USD).Trend:Increase 43.97% than previous quarter
Year 2020 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 77.38% than previous quarter

Overall: decreasing (-67.43%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2019 to Q1 2020 indicates decreasing liabilities on revenue (-4.4%) and current assets on revenue (-5.54%).  The ratio of retained earnings to revenue is increasing (7.65%), with little fluctuation.  A substantial decrease (-57.34%) in SG&A expense ratio is present. Invest efficiency shows an increase (12.32%) in retained earnings on assets with minimal variation. Earnings per share show a significant decrease (-67.43%) with high fluctuation.