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 7895300000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 9095600000.0 (%).Trend:Increase 15.2% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 7036000000.0 (%).Trend:Decrease 22.64% than previous quarter

Overall: decreasing (-10.88%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 126357000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 115266300000.0 (%).Trend:Decrease 8.78% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 89823600000.0 (%).Trend:Decrease 22.07% than previous quarter

Overall: decreasing (-28.91%). 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 -130000000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -150000000000.0 (%).Trend:Increase 15.38% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -180000000000.0 (%).Trend:Increase 20.0% than previous quarter

Overall: decreasing (38.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17214600000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26064800000.0 (%).Trend:Increase 51.41% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7013000000.0 (%).Trend:Decrease 73.09% than previous quarter

Overall: decreasing (-59.26%). 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 -98.82 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -124.61 (%).Trend:Increase 26.1% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -190.48 (%).Trend:Increase 52.86% than previous quarter

Overall: decreasing (92.75%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q2 2019 to Q1 2020 reveals declining trends in key working capital metrics: liabilities on revenue (-10.88%) and current assets on revenue (-28.91%), exhibiting moderate fluctuation. Cost efficiency indicators show significant variability, with retained earnings to revenue decreasing (38.46%) and SG&A expense ratio decreasing (-59.26%).  Investment efficiency, as shown by retained earnings on assets, experienced a substantial decrease (92.75%).