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 10868800000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 11923600000.0 (%).Trend:Increase 9.7% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 11664800000.0 (%).Trend:Decrease 2.17% than previous quarter

Overall: increasing (7.32%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 21936400000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 24106400000.0 (%).Trend:Increase 9.89% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 22753300000.0 (%).Trend:Decrease 5.61% than previous quarter

Overall: increasing (3.72%). 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 -72954900000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -74414000000.0 (%).Trend:Increase 2.0% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -86360700000.0 (%).Trend:Increase 16.05% than previous quarter

Overall: decreasing (18.38%). 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 -46.63 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -47.64 (%).Trend:Increase 2.17% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -62.54 (%).Trend:Increase 31.28% than previous quarter

Overall: decreasing (34.12%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -1.0 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (100.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2019 to Q1 2020 reveals liabilities and current assets on revenue are generally increasing. Cost efficiency shows a significant overall decrease, but with high variation in the ratio of retained earnings to revenue. Invest efficiency (retained earning on assets) is also declining substantially, with high volatility. Earning per share shows a significant decrease, with high variation. Overall, the financial picture demonstrates decreasing profitability and operational efficiency.