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 428100000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 433000000.0 (%).Trend:Increase 1.14% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 330200000.0 (%).Trend:Decrease 23.74% than previous quarter

Overall: decreasing (-22.87%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 7973900000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 7404000000.0 (%).Trend:Decrease 7.15% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 9064700000.0 (%).Trend:Increase 22.43% than previous quarter

Overall: increasing (13.68%). 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 -4746500000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -5355500000.0 (%).Trend:Increase 12.83% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -7101400000.0 (%).Trend:Increase 32.6% than previous quarter

Overall: decreasing (49.61%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -58.42 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -70.4 (%).Trend:Increase 20.51% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -75.19 (%).Trend:Increase 6.8% than previous quarter

Overall: decreasing (28.71%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q2 2019 to Q1 2020 shows mixed results. Liabilities on revenue decreased, while current assets on revenue increased, both with moderate fluctuations.  Cost efficiency, measured by the ratio of retained earnings to revenue, declined significantly.  Investment efficiency, as measured by retained earnings on assets, also showed a substantial decrease with high variation. The absence of data for SG&A expense ratio and earnings per share leaves key areas of financial performance unexamined.