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

Liabilities on Revenue
Year 2021 Quarter 1: Liabilities on Revenue 2654600000000.0 (%).Trend:Decrease 14.14% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 2664200000000.0 (%).Trend:Increase 0.36% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 2741300000000.0 (%).Trend:Increase 2.89% than previous quarter

Overall: increasing (3.27%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 3487400000000.0 (%).Trend:Decrease 15.62% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 3287700000000.0 (%).Trend:Decrease 5.73% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 3396600000000.0 (%).Trend:Increase 3.31% than previous quarter

Overall: decreasing (-2.6%). Fluctuation: **Little** (low variation).


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

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 3845600000000.0 (%).Trend:Decrease 1.4% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 3936500000000.0 (%).Trend:Increase 2.36% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 4031100000000.0 (%).Trend:Increase 2.4% than previous quarter

Overall: increasing (4.82%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 291700000000.0 (%).Trend:Decrease 69.48% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 603000000000.0 (%).Trend:Increase 106.72% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 919800000000.0 (%).Trend:Increase 52.54% than previous quarter

Overall: increasing (215.32%). Fluctuation: **Significant** (high variation).


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

Retained Earning on Assets
Year 2021 Quarter 1: Retained Earning on Assets 19.05 (%).Trend:Increase 1.44% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 19.66 (%).Trend:Increase 3.2% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 19.93 (%).Trend:Increase 1.37% than previous quarter

Overall: increasing (4.62%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.01 (USD).Trend:Decrease 101.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.51 (USD).Trend:Increase 5000.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.01 (USD).Trend:Increase 98.04% than previous quarter

Overall: increasing (10000.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2021 to Q3 2021 shows increasing liabilities on revenue (3.27%) with little fluctuation. Current assets on revenue are decreasing (-2.6%) with minimal variation.  Cost efficiency, as measured by the ratio of retained earnings to revenue, is increasing (4.82%) with low fluctuation.  However, selling, general, and administrative (SG&A) expense ratio shows significant fluctuation (215.32%), increasing markedly. Investment efficiency, as measured by retained earnings on assets, is increasing (4.62%) with little fluctuation. Earnings per share increased dramatically (10,000%) with high variation.  The significant fluctuation in SG&A and earnings per share warrants further investigation.