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 2609000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 2520700000.0 (%).Trend:Decrease 3.38% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 1769600000.0 (%).Trend:Decrease 29.8% than previous quarter

Overall: decreasing (-32.17%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 20350100000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 17087700000.0 (%).Trend:Decrease 16.03% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 26786000000.0 (%).Trend:Increase 56.76% than previous quarter

Overall: increasing (31.63%). 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 -25637200000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -29237500000.0 (%).Trend:Increase 14.04% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -35949500000.0 (%).Trend:Increase 22.96% than previous quarter

Overall: decreasing (40.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1660000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2713500000.0 (%).Trend:Increase 63.46% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1279600000.0 (%).Trend:Decrease 52.84% than previous quarter

Overall: decreasing (-22.92%). 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 -121.57 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -164.69 (%).Trend:Increase 35.47% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -131.32 (%).Trend:Decrease 20.26% than previous quarter

Overall: decreasing (8.02%). Fluctuation: **Significant** (high variation).

Earning Per Share


The analysis covers Q2 2019 – Q1 2020, showing decreasing liabilities on revenue (-32.17%), increasing current assets on revenue (31.63%), and significantly decreasing retained earnings on revenue (-40.22%). SG&A expenses also decreased (-22.92%), while retained earnings on assets decreased (8.02%).  Fluctuations are significant in retained earnings, SG&A expenses and retained earnings on assets.