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

Liabilities on Revenue
Year 2020 Quarter 1: Liabilities on Revenue 190300000000.0 (%).Trend:Increase 29.02% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 241000000000.0 (%).Trend:Increase 26.64% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 366900000000.0 (%).Trend:Increase 52.24% than previous quarter

Overall: increasing (92.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 1958400000000.0 (%).Trend:Increase 57.68% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 1468100000000.0 (%).Trend:Decrease 25.04% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 1439300000000.0 (%).Trend:Decrease 1.96% than previous quarter

Overall: decreasing (-26.51%). Fluctuation: **Neutral** (moderate variation).


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

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 1579000000000.0 (%).Trend:Increase 11.84% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 1631300000000.0 (%).Trend:Increase 3.31% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 1755000000000.0 (%).Trend:Increase 7.58% than previous quarter

Overall: increasing (11.15%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29300000000.0 (%).Trend:Decrease 63.65% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 92000000000.0 (%).Trend:Increase 213.99% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 143700000000.0 (%).Trend:Increase 56.2% than previous quarter

Overall: increasing (390.44%). Fluctuation: **Significant** (high variation).


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

Retained Earning on Assets
Year 2020 Quarter 1: Retained Earning on Assets 67.9 (%).Trend:Decrease 23.96% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 64.79 (%).Trend:Decrease 4.58% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 65.29 (%).Trend:Increase 0.77% than previous quarter

Overall: decreasing (-3.84%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 1.49 (USD).Trend:Decrease 50.83% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.5 (USD).Trend:Increase 67.79% than previous quarter
Year 2021 Quarter 3: Earning Per Share 4.67 (USD).Trend:Increase 86.8% than previous quarter

Overall: increasing (213.42%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2020 to Q3 2021 reveal a pattern of increasing liabilities on revenue and decreasing current assets on revenue. Cost efficiency demonstrates a positive trend with rising retained earnings on revenue, although the SG&A expense ratio experiences significant fluctuation. Investment efficiency shows a slight overall decrease in retained earnings on assets, while earnings per share experienced considerable increases and decreases.