Working Capital Efficiency
The data from Quater 3 in 2019 to Quater 1 in 2020 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 3: Liabilities on Revenue 21485100000.0 (%).Trend:Increase 20.02% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 15865800000.0 (%).Trend:Decrease 10.77% than previous quarter

Overall: decreasing (-26.15%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 38932700000.0 (%).Trend:Decrease 1.5% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 28931300000.0 (%).Trend:Decrease 9.76% than previous quarter

Overall: decreasing (-25.69%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 3 in 2019 to Quater 1 in 2020 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -34448900000.0 (%).Trend:Increase 5.3% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -40173200000.0 (%).Trend:Increase 4.48% than previous quarter

Overall: decreasing (16.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 3 in 2019 to Quater 1 in 2020 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 3: Retained Earning on Assets -66.41 (%).Trend:Increase 3.11% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -94.02 (%).Trend:Increase 11.66% than previous quarter

Overall: decreasing (41.58%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing Q3 2019 to Q1 2020, liabilities on revenue decreased significantly (-26.15%), showing moderate fluctuation.  Current assets on revenue also decreased substantially (-25.69%) with moderate variation.  Cost efficiency, reflected in the ratio of retained earnings to revenue, decreased by 16.62%, exhibiting high fluctuation. Investment efficiency, measured by retained earnings on assets, decreased significantly (-41.58%) with high fluctuation.  Data for SG&A expense ratio and earnings per share is missing.