Working Capital Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 3: Liabilities on Revenue 3503500000.0 (%).Trend:Increase 24.91% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 2943300000.0 (%).Trend:Decrease 15.99% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 3258500000.0 (%).Trend:Increase 10.71% than previous quarter

Overall: decreasing (-6.99%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 8926700000.0 (%).Trend:Increase 6.99% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 8035600000.0 (%).Trend:Decrease 9.98% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 8640600000.0 (%).Trend:Increase 7.53% than previous quarter

Overall: decreasing (-3.2%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -97274800000.0 (%).Trend:Increase 0.71% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -98205200000.0 (%).Trend:Increase 0.96% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -98576400000.0 (%).Trend:Increase 0.38% than previous quarter

Overall: decreasing (1.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1672600000.0 (%).Trend:Increase 56.98% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 563700000.0 (%).Trend:Decrease 66.3% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1152400000.0 (%).Trend:Increase 104.43% than previous quarter

Overall: decreasing (-31.1%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 3: Retained Earning on Assets -787.71 (%).Trend:Decrease 4.22% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -895.46 (%).Trend:Increase 13.68% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -886.26 (%).Trend:Decrease 1.03% than previous quarter

Overall: decreasing (12.51%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q3 2019 to Q2 2021 displays trends in liability and asset ratios, cost efficiency, and investment efficiency. Liabilities and current assets on revenue show slight fluctuations, whereas the ratio of retained earnings to revenue, SG&A, and retained earnings on assets show considerable volatility. The focus should be on these areas for detailed financial review.