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 23425500000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 25497200000.0 (%).Trend:Increase 8.84% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 23029100000.0 (%).Trend:Decrease 9.68% than previous quarter

Overall: decreasing (-1.69%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 58285400000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 56478900000.0 (%).Trend:Decrease 3.1% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 53391100000.0 (%).Trend:Decrease 5.47% than previous quarter

Overall: decreasing (-8.4%). 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 25100900000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 27342100000.0 (%).Trend:Increase 8.93% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 18008200000.0 (%).Trend:Decrease 34.14% than previous quarter

Overall: decreasing (-28.26%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19470900000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28612300000.0 (%).Trend:Increase 46.95% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8768300000.0 (%).Trend:Decrease 69.35% than previous quarter

Overall: decreasing (-54.97%). 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 17.26 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 19.19 (%).Trend:Increase 11.18% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 13.99 (%).Trend:Decrease 27.1% than previous quarter

Overall: decreasing (-18.95%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial data for 2019 and the first quarter of 2020 show mixed results. Liabilities on revenue reveal a slight downward trend, but current assets are consistently decreasing.  Cost efficiency, measured by the declining retained earnings ratio, indicates a negative trend. The SG&A expense ratio experienced significant fluctuations, decreasing substantially in Q1 2020.  Investment efficiency also decreased, presenting moderate variation.  The diverse trends warrant deeper analysis for identification of their sources.