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 97855800000.0 (%).Trend:Decrease 2.85% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 111051900000.0 (%).Trend:Increase 13.49% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 147767100000.0 (%).Trend:Increase 33.06% than previous quarter

Overall: increasing (51.0%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 212715300000.0 (%).Trend:Increase 10.52% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 227218400000.0 (%).Trend:Increase 6.82% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 277449100000.0 (%).Trend:Increase 22.11% than previous quarter

Overall: increasing (30.43%). Fluctuation: **Neutral** (moderate 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 600996800000.0 (%).Trend:Increase 3.15% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 619883600000.0 (%).Trend:Increase 3.14% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 662670300000.0 (%).Trend:Increase 6.9% than previous quarter

Overall: increasing (10.26%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30897400000.0 (%).Trend:Increase 101.78% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 46128900000.0 (%).Trend:Increase 49.3% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14553100000.0 (%).Trend:Decrease 68.45% than previous quarter

Overall: decreasing (-52.9%). 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 66.26 (%).Trend:Increase 1.11% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 67.23 (%).Trend:Increase 1.46% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 62.5 (%).Trend:Decrease 7.04% than previous quarter

Overall: decreasing (-5.67%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 50.0% than previous quarter

Overall: stable (0.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2019 to Q1 2020 shows mixed results. Working capital efficiency shows increasing liabilities and current assets on revenue. Cost efficiency demonstrates a consistent rise in the ratio of retained earnings to revenue.  SG&A expense ratio decreased significantly after an initial increase. Investment efficiency showed a declining trend in retained earnings on assets. Earnings per share trended inconsistently, starting at 1.0 USD, then increasing to 2.0 USD, and decreasing to 1.0 USD in Q1 2020.