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 173600000000.0 (%).Trend:Increase 9.11% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 177540000000.0 (%).Trend:Increase 2.27% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 148690000000.0 (%).Trend:Decrease 16.25% than previous quarter

Overall: decreasing (-14.35%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 338670000000.0 (%).Trend:Decrease 7.32% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 344890000000.0 (%).Trend:Increase 1.84% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 385700000000.0 (%).Trend:Increase 11.83% than previous quarter

Overall: increasing (13.89%). 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 600940000000.0 (%).Trend:Increase 2.23% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 629280000000.0 (%).Trend:Increase 4.72% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 586630000000.0 (%).Trend:Decrease 6.78% than previous quarter

Overall: decreasing (-2.38%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 154200000000.0 (%).Trend:Increase 106.51% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 238530000000.0 (%).Trend:Increase 54.69% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 50760000000.0 (%).Trend:Decrease 78.72% than previous quarter

Overall: decreasing (-67.08%). 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 83.13 (%).Trend:Increase 3.85% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 84.51 (%).Trend:Increase 1.66% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 75.79 (%).Trend:Decrease 10.32% than previous quarter

Overall: decreasing (-8.83%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 200.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 8.0 (USD).Trend:Increase 166.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.0 (USD).Trend:Decrease 112.5% than previous quarter

Overall: decreasing (-133.33%). Fluctuation: **Significant** (high variation).



The financial analysis from Q2 2020 to Q1 2021 shows a mixed picture.  Liabilities on revenue decreased slightly with minimal fluctuation. Current assets on revenue increased modestly.  The ratio of retained earnings to revenue also slightly decreased. However, SG&A expense ratio decreased significantly, a positive sign.  Retained earnings on assets and earnings per share both showed declines.