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 718116600.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 502732800.0 (%).Trend:Decrease 29.99% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 503500000.0 (%).Trend:Increase 0.15% than previous quarter

Overall: decreasing (-29.89%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 5208607100.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 4774996400.0 (%).Trend:Decrease 8.32% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 3849500000.0 (%).Trend:Decrease 19.38% than previous quarter

Overall: decreasing (-26.09%). 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 -10924887800.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -11949459500.0 (%).Trend:Increase 9.38% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -12972100000.0 (%).Trend:Increase 8.56% than previous quarter

Overall: decreasing (18.74%). 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 -154.86 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -193.16 (%).Trend:Increase 24.73% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -201.23 (%).Trend:Increase 4.18% than previous quarter

Overall: decreasing (29.94%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q2 2019 to Q1 2020 shows a mixed picture of working capital and cost efficiency.  Liabilities and current assets on revenue are decreasing with some variation. The ratio of retained earnings to revenue shows a consistent decrease, though with larger swings. Investment efficiency measured by retained earnings on assets also shows a clear negative trend with some fluctuations.