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 494429800.0 (%).Trend:Increase 28.61% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 2383734600.0 (%).Trend:Increase 382.12% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 1209272600.0 (%).Trend:Decrease 49.27% than previous quarter

Overall: increasing (144.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 1795957200.0 (%).Trend:Increase 6.79% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 4577085700.0 (%).Trend:Increase 154.85% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 4061915700.0 (%).Trend:Decrease 11.26% than previous quarter

Overall: increasing (126.17%). 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 -3598258000.0 (%).Trend:Decrease 2.04% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 318709300.0 (%).Trend:Decrease 108.86% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 455913200.0 (%).Trend:Increase 43.05% than previous quarter

Overall: increasing (-112.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1215941300.0 (%).Trend:Decrease 33.24% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 981724500.0 (%).Trend:Decrease 19.26% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 325337200.0 (%).Trend:Decrease 66.86% than previous quarter

Overall: decreasing (-73.24%). 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 -143.67 (%).Trend:Decrease 11.1% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 5.44 (%).Trend:Decrease 103.79% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 9.25 (%).Trend:Increase 70.04% than previous quarter

Overall: increasing (-106.44%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q2 2019 to Q1 2020 show highly variable financial performance.  Liabilities and current assets on revenue increased significantly, but then decreased substantially in Q1 2020, resulting in a final overall increasing trend. Cost efficiency, however, is highly volatile, with large increases and decreases in the ratio of retained earnings to revenue and in the SG&A expense ratio. Investment efficiency, as measured by retained earnings on assets, also shows a highly volatile trend.