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 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
Year 2021 Quarter 3: Liabilities on Revenue 68218000000.0 (%).Trend:Decrease 4.85% than previous quarter

Overall: decreasing (-13.08%). Fluctuation: **Little** (low variation).

Current assets on Revenue
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
Year 2021 Quarter 3: Current assets on Revenue 82541200000.0 (%).Trend:Decrease 0.98% than previous quarter

Overall: decreasing (-2.16%). 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 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
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 83675900000.0 (%).Trend:Increase 0.57% than previous quarter

Overall: increasing (5.15%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
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
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33647500000.0 (%).Trend:Increase 47.64% than previous quarter

Overall: increasing (189.87%). 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 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
Year 2021 Quarter 3: Retained Earning on Assets 32.48 (%).Trend:Increase 1.75% than previous quarter

Overall: increasing (7.19%). Fluctuation: **Little** (low variation).

Earning Per Share
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
Year 2021 Quarter 3: Earning Per Share 1.1 (USD).Trend:Increase 35.8% than previous quarter

Overall: increasing (323.08%). Fluctuation: **Significant** (high variation).



This analysis, covering Q1-Q3 2021, reveals a mixed financial picture. Working capital is decreasing, with liabilities on revenue down 13.08% and current assets on revenue down 2.16%, both with low variation. Cost efficiency shows a positive trend in retained earnings (up 5.15%), but SG&A expenses are increasing dramatically (189.87%) with significant fluctuation. Investment efficiency is strong, with retained earnings on assets increasing 7.19% and earnings per share soaring 323.08%, though the latter also shows significant fluctuation. The key takeaway is improving profitability and asset utilization, but the volatile SG&A expenses require attention.