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

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 75349800000.0 (%).Trend:Decrease 1.89% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 78486500000.0 (%).Trend:Increase 4.16% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 71693800000.0 (%).Trend:Decrease 8.65% than previous quarter

Overall: decreasing (-4.85%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 101277300000.0 (%).Trend:Increase 5.23% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 84367500000.0 (%).Trend:Decrease 16.7% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 83358500000.0 (%).Trend:Decrease 1.2% than previous quarter

Overall: decreasing (-17.69%). Fluctuation: **Little** (low variation).


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

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 76718800000.0 (%).Trend:Increase 2.83% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 79578100000.0 (%).Trend:Increase 3.73% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 83203700000.0 (%).Trend:Increase 4.56% than previous quarter

Overall: increasing (8.45%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30920300000.0 (%).Trend:Increase 55.37% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11607800000.0 (%).Trend:Decrease 62.46% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22789700000.0 (%).Trend:Increase 96.33% than previous quarter

Overall: decreasing (-26.3%). Fluctuation: **Significant** (high variation).


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

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets 30.23 (%).Trend:Increase 0.43% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 30.3 (%).Trend:Increase 0.23% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 31.92 (%).Trend:Increase 5.35% than previous quarter

Overall: increasing (5.59%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.11 (USD).Trend:Increase 58.57% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.26 (USD).Trend:Decrease 76.58% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.81 (USD).Trend:Increase 211.54% than previous quarter

Overall: decreasing (-27.03%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 displays mixed results.  Working capital efficiency shows a decrease in liabilities but a greater decrease in current assets. Cost efficiency shows a continued increase in the ratio of retained earnings to revenue, with little fluctuation. SG&A expense ratios are highly variable, fluctuating substantially, with a significant drop in Q1 2021.  Investment efficiency shows a slight increase in retained earnings on assets, however, earnings per share are also highly variable and decreasing.