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 analysis for Q2 2019 to Q1 2020 indicates liabilities on revenue decreasing slightly (-2.9%) and current assets increasing (6.88%). The ratio of retained earnings to revenue increased significantly (31.84%), while SG&A expense ratio saw a notable decrease (-57.34%). Investment efficiency shows an increasing trend in retained earning on assets (11.41%) and a substantial increase in earning per share (493.3%).