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 94843900000.0 (%).Trend:Decrease 24.86% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 70554800000.0 (%).Trend:Decrease 25.61% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 85254100000.0 (%).Trend:Increase 20.83% than previous quarter

Overall: decreasing (-10.11%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 96374500000.0 (%).Trend:Decrease 3.49% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 107487700000.0 (%).Trend:Increase 11.53% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 140446500000.0 (%).Trend:Increase 30.66% than previous quarter

Overall: increasing (45.73%). Fluctuation: **Neutral** (moderate 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 162539700000.0 (%).Trend:Increase 2.69% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 175768900000.0 (%).Trend:Increase 8.14% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 194698400000.0 (%).Trend:Increase 10.77% than previous quarter

Overall: increasing (19.79%). Fluctuation: **Little** (low variation).

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

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 19.08 (%).Trend:Increase 2.47% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 20.24 (%).Trend:Increase 6.08% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 18.8 (%).Trend:Decrease 7.11% than previous quarter

Overall: decreasing (-1.47%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.77 (USD).Trend:Decrease 23.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.7 (USD).Trend:Increase 120.78% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.95 (USD).Trend:Increase 73.53% than previous quarter

Overall: increasing (283.12%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 show decreasing liabilities on revenue with moderate fluctuations.  Current assets on revenue increased significantly with moderate variation.  The ratio of retained earnings to revenue continued an upward trend with limited fluctuation. Investment efficiency, as measured by retained earnings on assets, shows a slight overall decrease. Earnings per share increased substantially in Q2 and Q3 2021, reflecting high volatility.