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 2008500000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 2068400000000.0 (%).Trend:Increase 2.98% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 2348300000000.0 (%).Trend:Increase 13.53% than previous quarter

Overall: increasing (16.92%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 2429800000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 2614200000000.0 (%).Trend:Increase 7.59% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 2617400000000.0 (%).Trend:Increase 0.12% than previous quarter

Overall: increasing (7.72%). 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 4529500000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 4580400000000.0 (%).Trend:Increase 1.12% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 4827200000000.0 (%).Trend:Increase 5.39% than previous quarter

Overall: increasing (6.57%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 513800000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 772600000000.0 (%).Trend:Increase 50.37% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 255500000000.0 (%).Trend:Decrease 66.93% than previous quarter

Overall: decreasing (-50.27%). 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 53.95 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 54.97 (%).Trend:Increase 1.89% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 56.85 (%).Trend:Increase 3.42% than previous quarter

Overall: increasing (5.38%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 2.17 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 2.91 (USD).Trend:Increase 34.1% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.27 (USD).Trend:Decrease 56.36% than previous quarter

Overall: decreasing (-41.47%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2019 to Q1 2020 indicates a mixed picture. Liabilities on revenue increased steadily with minor fluctuations. Current assets on revenue also rose gradually. The ratio of retained earnings to revenue demonstrated a consistent upward trend, while Selling, General, and Administrative expenses dropped considerably. Investment efficiency, as measured by retained earnings on assets, increased moderately. Earnings per share, however, decreased significantly, with considerable volatility.