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 43740000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 45850000000.0 (%).Trend:Increase 4.82% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 137080000000.0 (%).Trend:Increase 198.97% than previous quarter

Overall: increasing (213.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 111940000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 106460000000.0 (%).Trend:Decrease 4.9% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 306560000000.0 (%).Trend:Increase 187.96% than previous quarter

Overall: increasing (173.86%). Fluctuation: **Significant** (high 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 -295260000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -288900000000.0 (%).Trend:Decrease 2.15% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -291850000000.0 (%).Trend:Increase 1.02% than previous quarter

Overall: increasing (-1.15%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5870000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8220000000.0 (%).Trend:Increase 40.03% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2610000000.0 (%).Trend:Decrease 68.25% than previous quarter

Overall: decreasing (-55.54%). 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 -87.02 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -82.75 (%).Trend:Decrease 4.91% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -32.75 (%).Trend:Decrease 60.42% than previous quarter

Overall: increasing (-62.36%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share 0.49 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share 0.82 (USD).Trend:Increase 67.35% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.18 (USD).Trend:Decrease 121.95% than previous quarter

Overall: decreasing (-136.73%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2019 to Q1 2020 reveals significant variations in key financial ratios. Liabilities and current assets on revenue are increasing, but with large fluctuations.  The ratio of retained earnings to revenue is increasing (though negatively) indicating possible issues, while SG&A expense ratio is decreasing.  Retained earnings on assets and earnings per share also show substantial fluctuations and decreases. The data suggests instability in the financial performance of the entity.