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 737796100000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 737164100000.0 (%).Trend:Decrease 0.09% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 791317800000.0 (%).Trend:Increase 7.35% than previous quarter

Overall: increasing (7.25%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 1211035600000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 1183964800000.0 (%).Trend:Decrease 2.24% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 1158805800000.0 (%).Trend:Decrease 2.12% than previous quarter

Overall: decreasing (-4.31%). 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 592710400000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 601923500000.0 (%).Trend:Increase 1.55% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 614481600000.0 (%).Trend:Increase 2.09% than previous quarter

Overall: increasing (3.67%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 115528800000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 167773400000.0 (%).Trend:Increase 45.22% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 53383900000.0 (%).Trend:Decrease 68.18% than previous quarter

Overall: decreasing (-53.79%). 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 36.99 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 38.36 (%).Trend:Increase 3.7% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 39.92 (%).Trend:Increase 4.07% than previous quarter

Overall: increasing (7.92%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -4.8 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -3.75 (USD).Trend:Decrease 21.87% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.62 (USD).Trend:Decrease 116.53% than previous quarter

Overall: increasing (-112.92%). Fluctuation: **Significant** (high variation).



The financial analysis reveals a mixed performance from Q2 2019 to Q1 2020.  Liabilities on revenue are steadily increasing, while current assets on revenue are decreasing, impacting working capital efficiency. Cost efficiency, measured by the retained earnings-to-revenue ratio, shows a positive trend. However, a considerable fluctuation is evident in SG&A expenses. Investment efficiency, measured by retained earnings on assets, shows a positive but minimal variation trend. Earnings per share, though increasing in the period, have significant volatility.