Working Capital Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 48530000000.0 (%).Trend:Increase 19.38% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 39430000000.0 (%).Trend:Decrease 18.75% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40820000000.0 (%).Trend:Increase 3.53% than previous quarter

Overall: decreasing (-15.89%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 115810000000.0 (%).Trend:Increase 8.01% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 107420000000.0 (%).Trend:Decrease 7.24% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 104170000000.0 (%).Trend:Decrease 3.03% than previous quarter

Overall: decreasing (-10.05%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 72510000000.0 (%).Trend:Decrease 0.04% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 69140000000.0 (%).Trend:Decrease 4.65% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 69960000000.0 (%).Trend:Increase 1.19% than previous quarter

Overall: decreasing (-3.52%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17330000000.0 (%).Trend:Increase 50.43% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4530000000.0 (%).Trend:Decrease 73.86% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8870000000.0 (%).Trend:Increase 95.81% than previous quarter

Overall: decreasing (-48.82%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets 39.65 (%).Trend:Decrease 4.09% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 40.34 (%).Trend:Increase 1.74% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 41.91 (%).Trend:Increase 3.89% than previous quarter

Overall: increasing (5.7%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.6 (USD).Trend:Increase 13.21% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.42 (USD).Trend:Decrease 170.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.19 (USD).Trend:Decrease 54.76% than previous quarter

Overall: decreasing (-131.67%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 reveals a complex picture. Working capital efficiency demonstrates a slight decrease in both liabilities and current assets on revenue. Cost efficiency shows a notable drop in SG&A expenses, but a consistent, though smaller, decline in the ratio of retained earnings to revenue.  Investment efficiency exhibits a gradual upward trend in retained earnings on assets.  Earnings per share, however, plummeted from a positive to negative values, indicating a significant decline in profitability.  These mixed results necessitate further analysis to identify the underlying causes of these fluctuations.