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 408030000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 388860000000.0 (%).Trend:Decrease 4.7% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 400340000000.0 (%).Trend:Increase 2.95% than previous quarter

Overall: decreasing (-1.88%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 260040000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 228690000000.0 (%).Trend:Decrease 12.06% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 237250000000.0 (%).Trend:Increase 3.74% than previous quarter

Overall: decreasing (-8.76%). 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 810310000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 757680000000.0 (%).Trend:Decrease 6.5% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 737620000000.0 (%).Trend:Decrease 2.65% than previous quarter

Overall: decreasing (-8.97%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 142490000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 211510000000.0 (%).Trend:Increase 48.44% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 62970000000.0 (%).Trend:Decrease 70.23% than previous quarter

Overall: decreasing (-55.81%). 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 26.95 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 26.35 (%).Trend:Decrease 2.23% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 25.92 (%).Trend:Decrease 1.63% than previous quarter

Overall: decreasing (-3.82%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q2 2019 to Q1 2020 shows a mostly decreasing trend in various financial metrics.  Liabilities and current assets on revenue, as well as the ratio of retained earnings to revenue, are all decreasing. Investment efficiency (retained earnings on assets) also shows a decrease.  The notable exception is a significant drop in the Selling, General & Administrative (SG&A) expense ratio.