Working Capital Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 2: Liabilities on Revenue 68148600000.0 (%).Trend:Increase 13.65% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 65534300000.0 (%).Trend:Decrease 3.84% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 69168800000.0 (%).Trend:Increase 5.55% than previous quarter

Overall: increasing (1.5%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 79250500000.0 (%).Trend:Decrease 9.78% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 81129600000.0 (%).Trend:Increase 2.37% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 76257200000.0 (%).Trend:Decrease 6.01% than previous quarter

Overall: decreasing (-3.78%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 41770700000.0 (%).Trend:Increase 9.34% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 46396200000.0 (%).Trend:Increase 11.07% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 52513800000.0 (%).Trend:Increase 13.19% than previous quarter

Overall: increasing (25.72%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17796900000.0 (%).Trend:Increase 91.52% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26885700000.0 (%).Trend:Increase 51.07% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8821400000.0 (%).Trend:Decrease 67.19% than previous quarter

Overall: decreasing (-50.43%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 2: Retained Earning on Assets 24.93 (%).Trend:Increase 5.59% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 27.65 (%).Trend:Increase 10.91% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 30.61 (%).Trend:Increase 10.71% than previous quarter

Overall: increasing (22.78%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.73 (USD).Trend:Decrease 63.5% than previous quarter

Overall: decreasing (-27.0%). Fluctuation: **Significant** (high variation).



Financial results from Q2 2020 to Q1 2021 demonstrate a varied picture. Liabilities as a percentage of revenue show little fluctuation, increasing slightly overall (1.5%). Current assets as a percentage of revenue decreased slightly (-3.78%). Retained earnings as a percentage of revenue trended upward strongly (25.72%).  However, the SG&A expense ratio shows significant, unstable increases and decreases, ending with a substantial drop (-50.43%) in Q1 2021. Investment efficiency (Retained Earnings on Assets) increased consistently (22.78%). Earnings per share decreased overall, with significant quarter-to-quarter fluctuations (-27%).