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 360507900000.0 (%).Trend:Decrease 2.84% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 354461300000.0 (%).Trend:Decrease 1.68% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 344134500000.0 (%).Trend:Decrease 2.91% than previous quarter

Overall: decreasing (-4.54%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 502738600000.0 (%).Trend:Decrease 1.99% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 501039900000.0 (%).Trend:Decrease 0.34% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 516953700000.0 (%).Trend:Increase 3.18% than previous quarter

Overall: increasing (2.83%). 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 139386600000.0 (%).Trend:Decrease 1.76% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 141324200000.0 (%).Trend:Increase 1.39% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 116279000000.0 (%).Trend:Decrease 17.72% than previous quarter

Overall: decreasing (-16.58%). Fluctuation: **Little** (low 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 19.25 (%).Trend:Decrease 1.08% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.43 (%).Trend:Increase 0.94% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 16.56 (%).Trend:Decrease 14.77% than previous quarter

Overall: decreasing (-13.97%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -2.07 (USD).Trend:Increase 8.95% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.93 (USD).Trend:Decrease 6.76% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.62 (USD).Trend:Decrease 67.88% than previous quarter

Overall: increasing (-70.05%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2020 to Q1 2021 shows mixed results.  While liabilities on revenue continue to decline, current assets on revenue show an increase.  Cost efficiency, as measured by the ratio of retained earnings to revenue, continues its downward trend.  Investment efficiency, measured by retained earnings on assets, also decreases.  Earnings per share demonstrate high variation, with a notable increase overall.