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 104200000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 124500000000.0 (%).Trend:Increase 19.48% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 123500000000.0 (%).Trend:Decrease 0.8% than previous quarter

Overall: increasing (18.52%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 148800000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 166900000000.0 (%).Trend:Increase 12.16% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 148000000000.0 (%).Trend:Decrease 11.32% than previous quarter

Overall: decreasing (-0.54%). 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 211100000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 210900000000.0 (%).Trend:Decrease 0.09% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 196100000000.0 (%).Trend:Decrease 7.02% than previous quarter

Overall: decreasing (-7.11%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12000000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17600000000.0 (%).Trend:Increase 46.67% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5400000000.0 (%).Trend:Decrease 69.32% than previous quarter

Overall: decreasing (-55.0%). 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 16.41 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 16.35 (%).Trend:Decrease 0.37% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 15.76 (%).Trend:Decrease 3.61% than previous quarter

Overall: decreasing (-3.96%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.68 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 1.98 (USD).Trend:Increase 17.86% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.31 (USD).Trend:Decrease 84.34% than previous quarter

Overall: decreasing (-81.55%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2019 to Q1 2020 shows liabilities on revenue increasing (18.52%), with little variation.  Current assets on revenue decrease slightly (-0.54%), also with low variation.  Cost efficiency reveals a decrease in the ratio of retained earnings to revenue (-7.11%) and a sharp decline in SG&A expense ratio (-55.0%).  Investment efficiency shows a small decrease in retained earnings on assets (-3.96%), again with low variation.  Earnings per share show a significant drop (-81.55%).