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 341600000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 360000000000.0 (%).Trend:Increase 5.39% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 319100000000.0 (%).Trend:Decrease 11.36% than previous quarter

Overall: decreasing (-6.59%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 631100000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 615600000000.0 (%).Trend:Decrease 2.46% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 694600000000.0 (%).Trend:Increase 12.83% than previous quarter

Overall: increasing (10.06%). 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 1639900000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 1655500000000.0 (%).Trend:Increase 0.95% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 1611400000000.0 (%).Trend:Decrease 2.66% than previous quarter

Overall: decreasing (-1.74%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 81500000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 118400000000.0 (%).Trend:Increase 45.28% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39500000000.0 (%).Trend:Decrease 66.64% than previous quarter

Overall: decreasing (-51.53%). 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 59.47 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 60.58 (%).Trend:Increase 1.87% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 57.84 (%).Trend:Decrease 4.52% than previous quarter

Overall: decreasing (-2.74%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.69 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 1.1 (USD).Trend:Increase 59.42% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.16 (USD).Trend:Decrease 114.55% than previous quarter

Overall: decreasing (-123.19%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2019 to Q1 2020 shows a mixed performance, with some positive and negative trends. Working capital indicators (liabilities and current assets on revenue) show a slight decrease and increase respectively.  Cost efficiency indicators show a negligible decrease in retained earnings to revenue. SG&A expense ratio displays a substantial decrease, while investment efficiency and earnings per share both exhibit negative overall trends, with considerable volatility.