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 84331900000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 76080600000.0 (%).Trend:Decrease 9.78% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 73243500000.0 (%).Trend:Decrease 3.73% than previous quarter

Overall: decreasing (-13.15%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 341224600000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 304349000000.0 (%).Trend:Decrease 10.81% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 274784300000.0 (%).Trend:Decrease 9.71% than previous quarter

Overall: decreasing (-19.47%). 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 235540600000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 238602800000.0 (%).Trend:Increase 1.3% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 240811100000.0 (%).Trend:Increase 0.93% than previous quarter

Overall: increasing (2.24%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9628600000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14982800000.0 (%).Trend:Increase 55.61% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5858700000.0 (%).Trend:Decrease 60.9% than previous quarter

Overall: decreasing (-39.15%). 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 33.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 33.82 (%).Trend:Increase 2.48% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 34.65 (%).Trend:Increase 2.45% than previous quarter

Overall: increasing (5.0%). 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 -0.53 (USD).Trend:Decrease 35.37% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.86 (USD).Trend:Decrease 262.26% than previous quarter

Overall: increasing (-204.88%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2019 to Q1 2020 shows a complex picture. Liabilities and current assets on revenue exhibit a slight negative trend. Cost efficiency (retained earnings to revenue) increases steadily.  Selling, General, and Administrative (SG&A) expenses show a substantial downward trend with considerable variation. Investment efficiency is steadily rising. Earnings per share have large variations and are increasing overall.