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

Liabilities on Revenue
Year 2020 Quarter 1: Liabilities on Revenue 1791700000.0 (%).Trend:Decrease 9.24% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 2063500000.0 (%).Trend:Increase 15.17% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 2003500000.0 (%).Trend:Decrease 2.91% than previous quarter

Overall: increasing (11.82%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 4524500000.0 (%).Trend:Increase 1.43% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 4538000000.0 (%).Trend:Increase 0.3% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 4721000000.0 (%).Trend:Increase 4.03% than previous quarter

Overall: increasing (4.34%). Fluctuation: **Little** (low variation).


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

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 4659100000.0 (%).Trend:Increase 5.93% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 4861500000.0 (%).Trend:Increase 4.34% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 5037600000.0 (%).Trend:Increase 3.62% than previous quarter

Overall: increasing (8.12%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio

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

Retained Earning on Assets
Year 2020 Quarter 1: Retained Earning on Assets 37.52 (%).Trend:Decrease 2.75% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 38.56 (%).Trend:Increase 2.77% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 38.52 (%).Trend:Decrease 0.1% than previous quarter

Overall: increasing (2.67%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance reveals a positive trajectory over three quarters (Q1 2020 to Q3 2021). Liabilities on revenue and current assets show gradual upward trends, with little fluctuation. Cost efficiency is apparent, with a strong increase (8.12%) in the ratio of retained earnings to revenue. Conversely, investment efficiency shows a slight decline (-0.05%) in retained earnings on assets, which warrants further investigation.