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 11785300000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 14584300000.0 (%).Trend:Increase 23.75% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 11718300000.0 (%).Trend:Decrease 19.65% than previous quarter

Overall: decreasing (-0.57%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 14541800000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 17892600000.0 (%).Trend:Increase 23.04% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 34254200000.0 (%).Trend:Increase 91.44% than previous quarter

Overall: increasing (135.56%). 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 -32307900000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -34395800000.0 (%).Trend:Increase 6.46% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -37195800000.0 (%).Trend:Increase 8.14% than previous quarter

Overall: decreasing (15.13%). 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 -12.1 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -12.87 (%).Trend:Increase 6.36% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -13.46 (%).Trend:Increase 4.58% than previous quarter

Overall: decreasing (11.24%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q2 2019 to Q1 2020 reveals mixed trends. Liabilities on revenue decreased, while current assets increased significantly, indicating a shift in the company's short-term financial position. Cost efficiency shows a substantial and fluctuating decrease in the ratio of retained earnings to revenue. Investment efficiency also shows a declining trend.