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 704135300.0 (%).Trend:Increase 112.41% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 413078700.0 (%).Trend:Decrease 41.34% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 428100000.0 (%).Trend:Increase 3.64% than previous quarter

Overall: decreasing (-39.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 2289266100.0 (%).Trend:Increase 101.48% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 1975872300.0 (%).Trend:Decrease 13.69% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 5135600000.0 (%).Trend:Increase 159.92% than previous quarter

Overall: increasing (124.33%). Fluctuation: **Significant** (high 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 -5900000000.0 (%).Trend:Increase 6.5% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -6950000000.0 (%).Trend:Increase 17.8% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -8037900000.0 (%).Trend:Increase 15.65% than previous quarter

Overall: decreasing (36.24%). Fluctuation: **Significant** (high variation).

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

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 -248.33 (%).Trend:Decrease 44.8% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -338.37 (%).Trend:Increase 36.26% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -149.27 (%).Trend:Decrease 55.89% than previous quarter

Overall: increasing (-39.89%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q2 2020 to Q1 2021 shows mixed results. Liabilities on revenue decreased slightly (-39.2%) but with substantial volatility. Current assets on revenue increased significantly (124.33%), yet also with volatility. Cost efficiency, measured by the ratio of retained earnings to revenue, decreased (36.24%), and investment efficiency, as indicated by retained earnings on assets, also showed a fluctuating increasing trend (-39.89%). Further investigation is needed to fully understand the underlying drivers.