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 111920600000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 110551500000.0 (%).Trend:Decrease 1.22% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 131202200000.0 (%).Trend:Increase 18.68% than previous quarter

Overall: increasing (17.23%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 112873200000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 109487800000.0 (%).Trend:Decrease 3.0% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 164957700000.0 (%).Trend:Increase 50.66% than previous quarter

Overall: increasing (46.14%). 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 -516141300000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -537671100000.0 (%).Trend:Increase 4.17% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -563428300000.0 (%).Trend:Increase 4.79% than previous quarter

Overall: decreasing (9.16%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25768700000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38684900000.0 (%).Trend:Increase 50.12% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12370400000.0 (%).Trend:Decrease 68.02% than previous quarter

Overall: decreasing (-51.99%). 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 -80.3 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -85.79 (%).Trend:Increase 6.84% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -92.0 (%).Trend:Increase 7.24% than previous quarter

Overall: decreasing (14.57%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q2 2019 to Q1 2020 reveals mixed financial performance. Liabilities on revenue and current assets on revenue show increasing trends with limited volatility. However, cost efficiency (retained earnings to revenue) is decreasing with substantial variation.  The selling, general, and administrative (SG&A) expense ratio is decreasing considerably and exhibits significant fluctuation, contrasting with the relatively stable revenue-related metrics. Investment efficiency (retained earnings on assets) demonstrates a consistent negative trend and high volatility.  These results highlight a need for deeper analysis to understand the cause of the diverging trends.