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

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 384900000000.0 (%).Trend:Increase 27.45% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 351300000000.0 (%).Trend:Decrease 8.73% than previous quarter

Overall: increasing (16.32%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 805800000000.0 (%).Trend:Increase 17.7% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 810300000000.0 (%).Trend:Increase 0.56% than previous quarter

Overall: increasing (18.36%). Fluctuation: **Little** (low variation).


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

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 1606500000000.0 (%).Trend:Increase 1.38% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 1650900000000.0 (%).Trend:Increase 2.76% than previous quarter

Overall: increasing (4.18%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 127600000000.0 (%).Trend:Increase 60.3% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 40000000000.0 (%).Trend:Decrease 68.65% than previous quarter

Overall: decreasing (-49.75%). Fluctuation: **Significant** (high variation).


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

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets 53.08 (%).Trend:Decrease 7.74% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 54.77 (%).Trend:Increase 3.18% than previous quarter

Overall: decreasing (-4.8%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.25 (USD).Trend:Decrease 189.29% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.75 (USD).Trend:Increase 200.0% than previous quarter

Overall: increasing (-367.86%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q1 2021 highlight a continued mixed performance. Working capital (liabilities and current assets on revenue) exhibits slight increases and decreasing trends. Cost efficiency demonstrates increases in the ratio of retained earnings to revenue, but SG&A expense ratio decreases.  Investment efficiency (retained earnings on assets) slightly declines, while earnings per share have significant increases followed by more significant declines. Further evaluation of these fluctuations is crucial for drawing accurate conclusions.