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 51241500000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 44624700000.0 (%).Trend:Decrease 12.91% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 40249600000.0 (%).Trend:Decrease 9.8% than previous quarter

Overall: decreasing (-21.45%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 12424200000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 11487500000.0 (%).Trend:Decrease 7.54% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 11192700000.0 (%).Trend:Decrease 2.57% than previous quarter

Overall: decreasing (-9.91%). 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 28576200000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 28469400000.0 (%).Trend:Decrease 0.37% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 32280400000.0 (%).Trend:Increase 13.39% than previous quarter

Overall: increasing (12.96%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 17.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 16.61 (%).Trend:Decrease 2.29% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 18.05 (%).Trend:Increase 8.67% than previous quarter

Overall: increasing (6.18%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 2.26 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 2.6 (USD).Trend:Increase 15.04% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.76 (USD).Trend:Decrease 32.31% than previous quarter

Overall: decreasing (-22.12%). Fluctuation: **Neutral** (moderate variation).



Financial analysis from Q2 2019 to Q1 2020 shows decreasing liabilities on revenue by -21.45%, with moderate variation. Current assets on revenue also decreased by -9.91% with low variation. Cost efficiency displays a rise in the ratio of retained earnings to revenue by 12.96% and low variation. Investment efficiency shows an increase in retained earnings on assets by 6.18% with low variation.  Earnings per share decreased by -22.12% with moderate variation.