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 190711000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 214892400000.0 (%).Trend:Increase 12.68% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 189061900000.0 (%).Trend:Decrease 12.02% than previous quarter

Overall: decreasing (-0.86%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 229154800000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 260693700000.0 (%).Trend:Increase 13.76% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 228383700000.0 (%).Trend:Decrease 12.39% than previous quarter

Overall: decreasing (-0.34%). 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 299520600000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 308817400000.0 (%).Trend:Increase 3.1% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 326935900000.0 (%).Trend:Increase 5.87% than previous quarter

Overall: increasing (9.15%). 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 41.8 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 40.21 (%).Trend:Decrease 3.8% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 43.12 (%).Trend:Increase 7.24% than previous quarter

Overall: increasing (3.16%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.73 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 1.14 (USD).Trend:Increase 56.16% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.54 (USD).Trend:Decrease 52.63% than previous quarter

Overall: decreasing (-26.03%). Fluctuation: **Significant** (high variation).



The financial statements for Q2 2019 to Q1 2020 show a mixed picture.  Working capital efficiency, measured by liabilities and current assets on revenue, displays a slight overall decrease with little fluctuation.  Cost efficiency, as measured by the ratio of retained earnings to revenue, is increasing with little variation.  Investment efficiency, as measured by retained earnings on assets, also shows an overall increase with little fluctuation.  However, earnings per share show significant fluctuation, decreasing overall by 26.03%.  The data suggests trends of modest improvements in cost and investment efficiency, but a significant drop in earnings per share.