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 6691800000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 6311900000.0 (%).Trend:Decrease 5.68% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 6242800000.0 (%).Trend:Decrease 1.09% than previous quarter

Overall: decreasing (-6.71%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 17265000000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 16512000000.0 (%).Trend:Decrease 4.36% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 18060900000.0 (%).Trend:Increase 9.38% than previous quarter

Overall: increasing (4.61%). 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 -10097800000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -10569200000.0 (%).Trend:Increase 4.67% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -12926500000.0 (%).Trend:Increase 22.3% than previous quarter

Overall: decreasing (28.01%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4591800000.0 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6783800000.0 (%).Trend:Increase 47.74% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2463200000.0 (%).Trend:Decrease 63.69% than previous quarter

Overall: decreasing (-46.36%). 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 -13.85 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -14.95 (%).Trend:Increase 7.94% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -18.64 (%).Trend:Increase 24.68% than previous quarter

Overall: decreasing (34.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2019 Quarter 2: Earning Per Share -0.1 (USD).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Earning Per Share -0.17 (USD).Trend:Increase 70.0% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.21 (USD).Trend:Increase 23.53% than previous quarter

Overall: decreasing (110.0%). Fluctuation: **Significant** (high variation).



From Q2 2019 to Q1 2020, liabilities on revenue decreased slightly (-6.71%), while current assets on revenue increased (4.61%).  The ratio of retained earnings to revenue significantly decreased (-28.01%), showing high variation.  Similarly, the SG&A expense ratio decreased significantly (-46.36%), also with high fluctuation. Investment efficiency metrics, retained earnings on assets and earnings per share, both showed significant decreases (-34.58% and -110% respectively), with high variation.