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 15278300000.0 (%).Trend:Increase 27.84% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 17512600000.0 (%).Trend:Increase 14.62% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 11017400000.0 (%).Trend:Decrease 37.09% than previous quarter

Overall: decreasing (-27.89%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 29796200000.0 (%).Trend:Decrease 17.1% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 25983200000.0 (%).Trend:Decrease 12.8% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 20521600000.0 (%).Trend:Decrease 21.02% than previous quarter

Overall: decreasing (-31.13%). Fluctuation: **Neutral** (moderate 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 20908800000.0 (%).Trend:Increase 6.93% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 22014600000.0 (%).Trend:Increase 5.29% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 21941400000.0 (%).Trend:Decrease 0.33% than previous quarter

Overall: increasing (4.94%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8830300000.0 (%).Trend:Increase 103.25% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12686400000.0 (%).Trend:Increase 43.67% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3976600000.0 (%).Trend:Decrease 68.65% than previous quarter

Overall: decreasing (-54.97%). 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 18.58 (%).Trend:Increase 13.09% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 20.18 (%).Trend:Increase 8.61% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 21.41 (%).Trend:Increase 6.1% than previous quarter

Overall: increasing (15.23%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.32 (USD).Trend:Decrease 31.96% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.81 (USD).Trend:Decrease 38.64% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.25 (USD).Trend:Decrease 130.86% than previous quarter

Overall: increasing (-118.94%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 shows a decrease in working capital efficiency (liabilities and current assets on revenue).  Cost efficiency shows a slight increase in the ratio of retained earnings to revenue, and a substantial decrease in SG&A expense ratio. Investment efficiency demonstrates a consistent increase in retained earnings on assets. Earnings per share are increasing overall, though the data reveals substantial quarter-to-quarter fluctuations.