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 1630839800.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 1433567000.0 (%).Trend:Decrease 12.1% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 1953740100.0 (%).Trend:Increase 36.29% than previous quarter

Overall: increasing (19.8%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 4014676400.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 4214812400.0 (%).Trend:Increase 4.99% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 4560311200.0 (%).Trend:Increase 8.2% than previous quarter

Overall: increasing (13.59%). 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 795881300.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 909412100.0 (%).Trend:Increase 14.26% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 716951700.0 (%).Trend:Decrease 21.16% than previous quarter

Overall: decreasing (-9.92%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2785826200.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4236101800.0 (%).Trend:Increase 52.06% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1620362400.0 (%).Trend:Decrease 61.75% than previous quarter

Overall: decreasing (-41.84%). 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 7.65 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 8.58 (%).Trend:Increase 12.16% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 5.19 (%).Trend:Decrease 39.51% than previous quarter

Overall: decreasing (-32.16%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis from Q2 2019 to Q1 2020 reveals an increasing trend in liabilities on revenue (19.8%) and current assets on revenue (13.59%). However, the ratio of retained earnings to revenue shows a decrease (-9.92%), and the SG&A expense ratio has a significant decrease (-41.84%). Investment efficiency also displays a negative trend (-32.16%). The mixed results, with some key areas showing negative trends, warrant further investigation.