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 7761200000.0 (%).Trend:Decrease 11.88% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 10805500000.0 (%).Trend:Increase 39.22% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 11186200000.0 (%).Trend:Increase 3.52% than previous quarter

Overall: increasing (44.13%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 57589500000.0 (%).Trend:Increase 26.92% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 59019900000.0 (%).Trend:Increase 2.48% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 63512700000.0 (%).Trend:Increase 7.61% than previous quarter

Overall: increasing (10.29%). Fluctuation: **Little** (low 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 4578900000.0 (%).Trend:Decrease 20.71% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 3697400000.0 (%).Trend:Decrease 19.25% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 5245800000.0 (%).Trend:Increase 41.88% than previous quarter

Overall: increasing (14.56%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13430700000.0 (%).Trend:Increase 80.39% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21046500000.0 (%).Trend:Increase 56.7% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7979800000.0 (%).Trend:Decrease 62.08% than previous quarter

Overall: decreasing (-40.59%). Fluctuation: **Significant** (high variation).


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 5.87 (%).Trend:Decrease 32.45% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 4.56 (%).Trend:Decrease 22.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 6.24 (%).Trend:Increase 36.84% than previous quarter

Overall: increasing (6.3%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.3 (USD).Trend:Decrease 850.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.54 (USD).Trend:Increase 80.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.32 (USD).Trend:Decrease 159.26% than previous quarter

Overall: increasing (-206.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show a mix of trends. Liabilities and current assets on revenue show consistent increases with little variation. Cost efficiency, measured by retained earnings to revenue, also shows modest fluctuation and an overall increase. However, the SG&A expense ratio experienced a significant overall decrease (-40.59%) with high quarter-to-quarter variability. Investment efficiency, measured by retained earnings on assets, also shows an increase overall but with high quarterly variation. Similarly, earnings per share have an overall increase, but also show a high degree of quarter-to-quarter volatility.