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 28970000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 30680000000.0 (%).Trend:Increase 5.9% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 28130000000.0 (%).Trend:Decrease 8.31% than previous quarter

Overall: decreasing (-2.9%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 73140000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 69760000000.0 (%).Trend:Decrease 4.62% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 78170000000.0 (%).Trend:Increase 12.06% than previous quarter

Overall: increasing (6.88%). 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 64130000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 63460000000.0 (%).Trend:Decrease 1.04% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 84550000000.0 (%).Trend:Increase 33.23% than previous quarter

Overall: increasing (31.84%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17160000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25570000000.0 (%).Trend:Increase 49.01% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7320000000.0 (%).Trend:Decrease 71.37% than previous quarter

Overall: decreasing (-57.34%). 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 37.17 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 30.66 (%).Trend:Decrease 17.51% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 41.41 (%).Trend:Increase 35.06% than previous quarter

Overall: increasing (11.41%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 1.79 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 1.71 (USD).Trend:Decrease 4.47% than previous quarter
Year 2020 Quarter 1: Earning Per Share 10.62 (USD).Trend:Increase 521.05% than previous quarter

Overall: increasing (493.3%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2019 to Q1 2020 show positive trends in working capital efficiency with declining liabilities and increasing current assets. Cost efficiency indicates an increase in the ratio of retained earnings to revenue (31.84%), but a substantial decrease (-57.34%) in SG&A expense ratio. Investment efficiency displays a positive trend in retained earning on assets (11.41%), and a remarkable surge in earning per share (493.3%). These results suggest potential improvements in profitability and operational efficiency.