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 17756079700.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 18230413100.0 (%).Trend:Increase 2.67% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 26395790400.0 (%).Trend:Increase 44.79% than previous quarter

Overall: increasing (48.66%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 93040290700.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 98749540400.0 (%).Trend:Increase 6.14% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 91072749600.0 (%).Trend:Decrease 7.77% than previous quarter

Overall: decreasing (-2.11%). 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 111131001400.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 110744954000.0 (%).Trend:Decrease 0.35% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 101831044600.0 (%).Trend:Decrease 8.05% than previous quarter

Overall: decreasing (-8.37%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4023228600.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6301916700.0 (%).Trend:Increase 56.64% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2194489200.0 (%).Trend:Decrease 65.18% than previous quarter

Overall: decreasing (-45.45%). 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 51.86 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 51.1 (%).Trend:Decrease 1.47% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 47.19 (%).Trend:Decrease 7.65% than previous quarter

Overall: decreasing (-9.01%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.82 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 1.27 (USD).Trend:Increase 54.88% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.36 (USD).Trend:Decrease 71.65% than previous quarter

Overall: decreasing (-56.1%). Fluctuation: **Significant** (high variation).



Analyzing Q2 2019 - Q1 2020 reveals a substantial increase in liabilities on revenue (48.66%), contrasting with a slight decrease in current assets (-2.11%). Cost efficiency metrics show a decline in retained earnings to revenue (-8.37%).  While SG&A expenses decreased significantly (-45.45%), the fluctuation was high.  Investment efficiency demonstrates decreases in retained earnings on assets (-9.01%) and earnings per share (-56.1%), indicating significant variability.