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 14966500000.0 (%).Trend:Increase 37.1% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 13999400000.0 (%).Trend:Decrease 6.46% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 13061700000.0 (%).Trend:Decrease 6.7% than previous quarter

Overall: decreasing (-12.73%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 52711800000.0 (%).Trend:Increase 29.52% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 56528500000.0 (%).Trend:Increase 7.24% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 31319400000.0 (%).Trend:Decrease 44.6% than previous quarter

Overall: decreasing (-40.58%). Fluctuation: **Significant** (high 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 49456600000.0 (%).Trend:Increase 21.46% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 54173000000.0 (%).Trend:Increase 9.54% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 29854100000.0 (%).Trend:Decrease 44.89% than previous quarter

Overall: decreasing (-39.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5054700000.0 (%).Trend:Decrease 66.76% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9700600000.0 (%).Trend:Increase 91.91% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14450700000.0 (%).Trend:Increase 48.97% than previous quarter

Overall: increasing (185.89%). 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 69.49 (%).Trend:Increase 0.56% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 72.13 (%).Trend:Increase 3.8% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 60.01 (%).Trend:Decrease 16.8% than previous quarter

Overall: decreasing (-13.64%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 50.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.45 (USD).Trend:Decrease 27.5% than previous quarter

Overall: increasing (45.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 to Q3 2021 reveals a complex picture of financial performance. Liabilities on revenue showed a slight decrease, current assets a considerable decrease, while cost efficiency (retained earnings to revenue) declined substantially. SG&A expense ratios display significant variability, demonstrating both decreases and increases. Investment efficiency metrics (retained earnings on assets) show a downward trend with little fluctuation. Earnings per share show substantial fluctuations, yet overall demonstrate an increasing trend.